Insider Selling: SEA (NYSE:SE) COO Sells $3,721,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $124.06, for a total value of $3,721,800.00. Following the completion of the transaction, the chief operating officer directly owned 370,000 shares in the company, valued at $45,902,200. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were sold at an average price of $120.08, for a total value of $3,602,400.00.
• On Tuesday, August 11th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $129.35, for a total transaction of $3,880,500.00.
• On Monday, August 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $114.59, for a total transaction of $2,291,800.00.
• On Friday, August 7th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.17, for a total transaction of $2,263,400.00.
• On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.62, for a total transaction of $2,272,400.00.
• On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $109.65, for a total transaction of $2,193,000.00.
• On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.76, for a total transaction of $2,135,200.00.
• On Wednesday, July 29th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $108.41, for a total transaction of $2,168,200.00.
• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $105.20, for a total transaction of $2,104,000.00.

SEA Stock Up 2.6%

SE opened at $119.26 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm’s fifty day moving average is $104.59 and its 200 day moving average is $96.56. The stock has a market cap of $72.87 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.54.

SEA (NYSE:SE) last issued its 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). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 48.3% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays increased their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price target on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Benchmark upped their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.90.

Key Headlines Impacting SEA

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Howard Marks’ Oaktree Capital disclosed a new position in Sea worth approximately $60.9 million. The investment could reinforce confidence in Sea’s long-term growth prospects following the stock’s decline from its 52-week high. Howard Marks investment article
• Positive Sentiment: Sea’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, surpassing the $7.12 billion analyst consensus. The company’s e-commerce, digital entertainment and financial-services businesses continue to deliver substantial top-line growth.
• Positive Sentiment: Analyst sentiment remains broadly favorable. Sea has a “Moderate Buy” consensus rating and an average price target of $151.90, while Benchmark recently raised its target to $175. Sea growth model article
• Neutral Sentiment: Sea’s valuation remains demanding at roughly 45 times earnings, making the stock highly dependent on continued growth and improving profitability. Its shares are trading above both the 50-day and 200-day moving averages, indicating positive momentum but also increased sensitivity to disappointing news.
• Negative Sentiment: Quarterly EPS was $0.70, below the $0.86 consensus estimate. Although revenue beat expectations, the earnings shortfall may temper enthusiasm and raise questions about margin performance.
• Negative Sentiment: Multiple executives and directors recently sold shares. COO Gang Ye disposed of 50,000 shares for approximately $5.9 million, while the CFO, president, director Chen Seng Heng and other insiders also reduced their holdings. The breadth of the selling may concern investors about near-term valuation, even though insiders retained sizable positions. Gang Ye share sale article SEA insider selling report

Hedge Funds Weigh In On SEA

Several institutional investors have recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT increased its stake 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 acquiring an additional 259 shares during the last quarter. Cornerstone Planning Group LLC raised its position in SEA by 461.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after purchasing an additional 540 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after purchasing an additional 573 shares during the period. Osbon Capital Management LLC purchased a new position in shares of SEA in the 4th quarter worth approximately $175,000. Finally, Cloud Capital Management LLC increased its position in shares of SEA by 8.0% during the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after purchasing an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.