Insider Selling: SEA (NYSE:SE) COO Sells $857,500.00 in Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) COO Gang Ye sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $85.75, for a total transaction of $857,500.00. Following the transaction, the chief operating officer owned 190,000 shares in the company, valued at $16,292,500. The trade was a 5.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, May 6th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.39, for a total transaction of $883,900.00.
  • On Friday, May 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.14, for a total transaction of $861,400.00.
  • On Wednesday, April 29th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.32, for a total transaction of $833,200.00.
  • On Monday, April 27th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.92, for a total transaction of $859,200.00.
  • On Friday, April 24th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $84.57, for a total transaction of $845,700.00.
  • On Wednesday, April 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.99, for a total transaction of $859,900.00.
  • On Monday, April 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.56, for a total transaction of $895,600.00.
  • On Friday, April 17th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.15, for a total transaction of $921,500.00.
  • On Wednesday, April 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.88, for a total transaction of $888,800.00.
  • On Monday, April 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.39, for a total transaction of $843,900.00.

SEA Stock Down 2.0%

NYSE:SE opened at $86.87 on Friday. The firm has a market capitalization of $53.08 billion, a P/E ratio of 34.47, a PEG ratio of 0.91 and a beta of 1.57. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company’s fifty day moving average price is $87.09 and its 200-day moving average price is $115.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The firm’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 3.39 EPS for the current year.

SEA News Summary

Here are the key news stories impacting SEA this week:

Analysts Set New Price Targets

A number of analysts have recently weighed in on SE shares. Barclays cut their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Bank of America reiterated a “buy” rating and issued a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Sanford C. Bernstein cut their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.66.

Read Our Latest Analysis on SE

Institutional Trading of SEA

Several large investors have recently made changes to their positions in the company. Andra AP fonden increased its position in shares of SEA by 69.8% during the first quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore’s stock worth $4,977,000 after purchasing an additional 24,700 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of SEA by 8.5% in the first quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock worth $501,000 after buying an additional 474 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of SEA by 30.9% in 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 in the last quarter. Finally, Capstone Capital Management Ltd purchased a new position in shares of SEA in the first quarter worth about $1,612,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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