Insider Selling: SEA (NYSE:SE) COO Sells $2,265,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $113.29, for a total transaction of $2,265,800.00. Following the completion of the transaction, the chief operating officer directly owned 238,792 shares of the company’s stock, valued at $27,052,745.68. This trade represents a 7.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.33, for a total value of $2,266,600.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.82, for a total value of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.50, for a total value of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total transaction of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $115.92, for a total transaction of $2,318,400.00.
• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.18, for a total transaction of $2,343,600.00.
• On Wednesday, August 19th, Gang Ye sold 21,208 shares of SEA stock. The stock was sold at an average price of $117.98, for a total value of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $116.64, for a total value of $2,332,800.00.
• On Monday, August 17th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $120.08, for a total value of $3,602,400.00.
• On Thursday, August 13th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $124.06, for a total value of $3,721,800.00.

SEA Trading Down 0.9%

NYSE SE opened at $112.09 on Friday. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock’s 50 day moving average price is $111.11 and its two-hundred day moving average price is $97.15. The stock has a market capitalization of $68.49 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 1.13 and a beta of 1.51.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.SEA’s revenue was up 48.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SE shares. TD Cowen restated a “hold” rating on shares of SEA in a research note on Monday, August 17th. Barclays upped their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price of $149.11.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of SEA by 9,247.9% in the second quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock valued at $3,802,336,000 after buying an additional 39,253,472 shares in the last quarter. Charles Lim Capital Ltd boosted its stake in SEA by 172.7% in the fourth 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of SEA in the 2nd quarter valued at approximately $37,527,000. State of Tennessee Department of Treasury grew its stake in shares of SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after buying an additional 175,746 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in SEA during the 2nd quarter worth $12,410,000. 59.53% of the stock is owned by institutional investors.

SEA Company Profile

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.