SEA (NYSE:SE) COO Sells $915,700.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $91.57, for a total value of $915,700.00. Following the transaction, the chief operating officer owned 70,000 shares of the company’s stock, valued at $6,409,900. The trade was a 12.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.26, for a total value of $872,600.00.
• On Friday, June 12th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.76, for a total transaction of $837,600.00.
• On Wednesday, June 10th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $82.51, for a total transaction of $825,100.00.
• On Monday, June 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.33, for a total transaction of $843,300.00.
• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.21, for a total transaction of $872,100.00.
• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $90.47, for a total transaction of $904,700.00.
• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $96.16, for a total transaction of $961,600.00.
• On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.02, for a total transaction of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.47, for a total transaction of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.85, for a total transaction of $878,500.00.

SEA Stock Up 0.2%

SEA stock opened at $91.42 on Friday. The firm has a 50 day simple moving average of $88.04 and a 200 day simple moving average of $102.97. 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 Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The firm has a market capitalization of $55.86 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 0.95 and a beta of 1.57.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (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 company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The company’s revenue was up 46.6% on a year-over-year basis. On average, analysts predict that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SE. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Morgan Stanley set a $121.00 target price on shares of SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Barclays raised their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $155.54.

Hedge Funds Weigh In On SEA

Several institutional investors have recently modified their holdings of the company. Rathbones Group PLC raised its holdings in shares of SEA by 39.7% during the 1st quarter. Rathbones Group PLC now owns 30,750 shares of the Internet company based in Singapore’s stock valued at $2,546,000 after buying an additional 8,735 shares in the last quarter. Parallel Advisors LLC boosted its stake in 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. EverSource Wealth Advisors LLC boosted its stake in SEA by 43.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after buying an additional 751 shares in the last quarter. Entropy Technologies LP bought a new position in SEA during the first quarter valued at approximately $678,000. Finally, Andra AP fonden grew its position in 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 valued at $4,977,000 after acquiring an additional 24,700 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.