SEA (NYSE:SE) COO Sells $2,132,400.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $106.62, for a total transaction of $2,132,400.00. Following the completion of the transaction, the chief operating officer directly owned 300,000 shares of the company’s stock, valued at approximately $31,986,000. This represents a 6.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $105.20, for a total value of $2,104,000.00.
• 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 shares were 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 shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00.
• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.94, for a total value of $2,278,800.00.
• On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.00, for a total value of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $104.41, for a total transaction of $2,088,200.00.
• On Wednesday, July 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $100.89, for a total transaction of $2,017,800.00.
• On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.63, for a total value of $926,300.00.
• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.58, for a total value of $895,800.00.

SEA Price Performance

NYSE:SE traded down $1.02 during trading hours on Tuesday, reaching $103.37. 2,682,305 shares of the company were exchanged, compared to its average volume of 4,952,213. The firm has a market cap of $63.16 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 0.96 and a beta of 1.55. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock’s 50-day moving average is $95.51 and its 200-day moving average is $97.87. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last posted its quarterly earnings data 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 return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the firm posted $0.65 earnings per share. SEA’s quarterly revenue was up 46.6% on a year-over-year basis. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of hedge funds have recently modified their holdings of SE. Capstone Capital Management Ltd purchased a new position in SEA during the first quarter worth about $1,612,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of SEA by 24.4% during the 4th 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 during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of SEA during the 4th quarter worth approximately $3,560,000. Equitable Trust Co. raised its position in shares of SEA by 30.9% during the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock valued at $15,532,000 after buying an additional 44,252 shares during the period. Finally, Charles Lim Capital Ltd raised its position in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after buying an additional 475,000 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SE. TD Cowen increased their price objective on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a report on Monday, July 20th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

About SEA

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.