SEA (NYSE:SE) COO Sells $881,100.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $88.11, for a total value of $881,100.00. Following the transaction, the chief operating officer owned 280,000 shares of the company’s stock, valued at $24,670,800. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.35, for a total value of $863,500.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.60, for a total value of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $94.61, for a total value of $946,100.00.
• On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.78, for a total value of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.67, for a total value of $836,700.00.
• 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 value of $883,900.00.
• On Monday, May 4th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.75, for a total value of $857,500.00.
• 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 value 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 value 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 value of $859,200.00.

SEA Trading Down 1.9%

Shares of SEA stock opened at $87.25 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The stock has a 50 day moving average price of $85.41 and a two-hundred day moving average price of $110.67. The stock has a market capitalization of $53.31 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 46.6% on a year-over-year basis. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Fred Alger Management LLC lifted its position in shares of SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after buying an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake 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 valued at $228,549,000 after purchasing an additional 350,840 shares during the period. SG Americas Securities LLC raised its stake in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after purchasing an additional 88,431 shares during the period. Charles Lim Capital Ltd raised its stake 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 purchasing an additional 475,000 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in shares of SEA by 32.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the topic of a number of recent research reports. TD Cowen raised their target price on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Barclays raised their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Sanford C. Bernstein cut their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Morgan Stanley set a $121.00 price objective on SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.41.

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.