SEA (NYSE:SE) COO Sells $904,700.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.47, for a total transaction of $904,700.00. Following the transaction, the chief operating officer directly owned 170,000 shares in the company, valued at approximately $15,379,900. This represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 stock was 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 stock was sold at an average price of $87.85, for a total transaction of $878,500.00.
• 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 transaction of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.11, for a total transaction of $881,100.00.
• 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 transaction 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 transaction 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 transaction of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.67, for a total transaction of $836,700.00.

SEA Price Performance

SEA stock opened at $89.54 on Thursday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The firm has a fifty day moving average of $86.61 and a 200-day moving average of $107.04. The firm has a market capitalization of $54.71 billion, a P/E ratio of 35.25, a PEG ratio of 0.97 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last released its quarterly earnings data 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 business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the company earned $0.65 EPS. SEA’s revenue was up 46.6% on a year-over-year basis. As a group, analysts predict that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SE. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Bank of America reaffirmed a “buy” rating and set a $125.00 price target on shares of SEA in a report on Monday, March 9th. Sanford C. Bernstein lowered their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. JPMorgan Chase & Co. lowered their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, 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. One equities 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. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $155.54.

Institutional Trading of SEA

Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC lifted its position 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 valued at $36,000 after purchasing an additional 106 shares during the last quarter. Zions Bancorporation National Association UT increased its stake in SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 259 shares during the period. Holos Integrated Wealth LLC acquired a new position in SEA during the 4th quarter valued at about $44,000. Hillsdale Investment Management Inc. increased its stake in SEA by 44.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after buying an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after buying an additional 540 shares during the period. 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.