Insider Selling: SEA (NYSE:SE) COO Sells $2,263,400.00 in Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) COO Gang Ye sold 20,000 shares of SEA stock in a transaction on Friday, August 7th. The stock was sold at an average price of $113.17, for a total transaction of $2,263,400.00. Following the sale, the chief operating officer directly owned 480,000 shares of the company’s stock, valued at approximately $54,321,600. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Gang Ye also recently made the following trade(s):

  • On Monday, August 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $114.59, for a total transaction of $2,291,800.00.
  • On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.62, for a total value of $2,272,400.00.
  • On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $109.65, for a total value of $2,193,000.00.
  • On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.76, for a total value of $2,135,200.00.
  • On Wednesday, July 29th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $108.41, for a total value of $2,168,200.00.
  • On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $105.20, for a total value of $2,104,000.00.
  • On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $106.62, for a total value of $2,132,400.00.
  • On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.69, for a total value of $2,073,800.00.
  • On Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $99.91, for a total value of $1,998,200.00.
  • On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $112.62, for a total value of $2,252,400.00.

SEA Stock Performance

Shares of SE opened at $114.81 on Tuesday. The stock has a 50 day moving average price of $99.67 and a 200 day moving average price of $96.63. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $70.15 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

SEA (NYSE:SEGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. Research analysts predict that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Institutional Trading of SEA

A number of institutional investors have recently modified their holdings of SE. Capstone Capital Management Ltd purchased a new position in shares of SEA in the 1st quarter valued at about $1,612,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares in the last quarter. Ramirez Asset Management Inc. purchased a new stake in SEA during the fourth quarter worth about $3,560,000. Equitable Trust Co. grew its position in SEA by 30.9% during the first quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock worth $15,532,000 after buying an additional 44,252 shares during the period. Finally, Charles Lim Capital Ltd grew its position in SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after buying an additional 475,000 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of recent analyst reports. TD Cowen dropped their target price on shares of SEA from $108.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Barclays boosted their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.81.

Read Our Latest Stock Analysis on SE

SEA Company Profile

(Get Free Report)

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.

Recommended Stories

Insider Buying and Selling by Quarter for SEA (NYSE:SE)

Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.