SEA (NYSE:SE) COO Sells $807,900.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $80.79, for a total value of $807,900.00. Following the completion of the sale, the chief operating officer owned 460,000 shares of the company’s stock, valued at $37,163,400. The trade was a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.06, for a total transaction of $800,600.00.
• On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.17, for a total transaction of $851,700.00.

SEA Trading Up 1.3%

Shares of SE opened at $79.89 on Tuesday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a market cap of $47.06 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 0.73 and a beta of 1.59. The firm has a 50 day moving average price of $106.66 and a 200-day moving average price of $137.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58.

SEA (NYSE:SE) last released its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). The business had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. SEA’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wedbush decreased their price objective on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Sanford C. Bernstein dropped their target price on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Barclays reduced their price target on SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price objective on shares of SEA in a research report on Tuesday, March 3rd. Finally, Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $166.83.

Institutional Trading of SEA

Institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC grew its stake in shares of SEA by 2,860.0% in the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after purchasing an additional 143 shares during the last quarter. Sound Income Strategies LLC bought a new position in SEA during the 3rd quarter valued at approximately $29,000. Rothschild Investment LLC lifted its holdings in SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the period. Zions Bancorporation National Association UT lifted its holdings in SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 259 shares during the period. Finally, Holos Integrated Wealth LLC bought a new stake in shares of SEA in the 4th quarter worth approximately $44,000. 59.53% of the stock is currently owned by hedge funds and other 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.