SEA (NYSE:SE) COO Gang Ye Sells 20,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of SEA stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $113.94, for a total transaction of $2,278,800.00. Following the sale, the chief operating officer owned 420,000 shares of the company’s stock, valued at approximately $47,854,800. This represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $112.62, for a total transaction of $2,252,400.00.
• On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.00, for a total transaction of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.41, for a total transaction of $2,088,200.00.
• On Wednesday, July 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $100.89, for a total value of $2,017,800.00.
• On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.63, for a total value of $926,300.00.
• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.58, for a total value of $895,800.00.
• On Wednesday, June 24th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.80, for a total value of $928,000.00.
• On Monday, June 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.70, for a total value of $897,000.00.
• On Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $91.57, for a total value of $915,700.00.
• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.26, for a total value of $872,600.00.

SEA Price Performance

SE opened at $109.45 on Wednesday. The stock’s 50-day moving average price is $92.74 and its 200 day moving average price is $99.55. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The firm has a market cap of $66.88 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 1.07 and a beta of 1.55. 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 (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue was up 46.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Key SEA News

Here are the key news stories impacting SEA this week:

• Neutral Sentiment: Several reports highlighted Sea Limited insider selling, including COO Gang Ye unloading shares through pre-arranged trading plans and another insider, Yanjun Wang, trimming a small stake. The sales were disclosed in SEC filings and appear to be routine, but they can still pressure the stock by raising concerns about insider confidence. Article Title
• Neutral Sentiment: Zacks and Yahoo Finance both ran pieces asking whether Sea Limited is a buy as Wall Street analysts remain optimistic. These articles reinforce that the stock still has analyst support, which may help offset some of the negative attention from insider transactions. Article Title
• Neutral Sentiment: A separate Zacks comparison of VTEX vs. SE focused on relative value rather than a company-specific catalyst, so it is unlikely to have a major immediate impact on Sea Limited shares. Article Title

Institutional Investors Weigh In On SEA

Large investors have recently modified their holdings of the company. Fred Alger Management LLC increased its holdings in SEA by 22.1% in the third 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. Capstone Capital Management Ltd acquired a new position in shares of SEA during the 1st quarter worth about $1,612,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position 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 worth $228,549,000 after acquiring an additional 350,840 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in shares of SEA in the 4th quarter valued at about $3,560,000. Finally, Equitable Trust Co. increased its holdings in shares of SEA by 30.9% in the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock valued at $15,532,000 after acquiring an additional 44,252 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on SE. TD Cowen upped their target price on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. dropped their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.54.

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.