Insider Selling: SEA (NYSE:SE) COO Sells 10,000 Shares of 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 Wednesday, March 18th. The stock was sold at an average price of $85.17, for a total value of $851,700.00. Following the sale, the chief operating officer owned 80,000 shares of the company’s stock, valued at $6,813,600. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SEA Price Performance

SEA stock opened at $81.03 on Friday. The company has a fifty day simple moving average of $108.79 and a 200-day simple moving average of $139.86. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 0.78 and a beta of 1.59. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

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

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of SE. Venturi Wealth Management LLC lifted its position in SEA by 1.9% in the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock valued at $664,000 after buying an additional 98 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in SEA by 1.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock valued at $1,033,000 after purchasing an additional 103 shares during the last quarter. Rothschild Investment LLC lifted its stake in SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of SEA by 4.8% during the third quarter. GAMMA Investing LLC now owns 3,112 shares of the Internet company based in Singapore’s stock worth $556,000 after buying an additional 142 shares during the period. Finally, 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 valued at $27,000 after buying an additional 143 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA News Roundup

Here are the key news stories impacting SEA this week:

• Neutral Sentiment: Market coverage noted that SE fell more than the broader market in recent sessions, highlighting downward price momentum and increased volatility. Sea Limited Suffers a Larger Drop Than the General Market
• Neutral Sentiment: Additional market recap pieces similarly flagged a multi-percent decline over the past sessions, reinforcing negative sentiment on short-term performance. Why SE Suffered a Larger Drop Than the Market
• Negative Sentiment: Director David Y. Ma sold 72,435 shares at an average of $85.38 (~$6.18M), reducing his stake by ~4.75%; large director sales tend to weigh on investor sentiment. Director David Y. Ma SEC Filing
• Negative Sentiment: Smaller insider dispositions were also reported: Yanjun Wang (800 shares at $85.10) and Jingye Chen (800 shares at $80.97). While smaller individually, the cluster of insider sells can amplify negative perception. Yanjun Wang SEC Filing Jingye Chen SEC Filing

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays cut their price target on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Wedbush dropped their target price on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Bank of America reaffirmed a “buy” rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Finally, Sanford C. Bernstein cut their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.83.

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.