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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00. Following the transaction, the chief operating officer owned 400,000 shares in the company, valued at $45,048,000. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.94, for a total transaction of $2,278,800.00.
• 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 stock was 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 shares were 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 Stock Down 1.1%

SE opened at $109.45 on Wednesday. The firm has a market cap of $66.88 billion, a P/E ratio of 43.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. The business has a 50 day moving average price of $92.74 and a 200 day moving average price of $99.55. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. Research analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC lifted its position in SEA by 1.9% during the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after purchasing an additional 98 shares during the period. Cloud Capital Management LLC increased its holdings in SEA by 8.0% in 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 buying an additional 148 shares during the period. SlateStone Wealth LLC increased its holdings in SEA by 0.5% in the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after buying an additional 150 shares during the period. Stonekeep Investments LLC raised its position in shares of SEA by 5.6% in the 4th quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock valued at $403,000 after buying an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of SEA by 6.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after buying an additional 170 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting SEA

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

Analyst Upgrades and Downgrades

SE has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Barclays upped 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. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. dropped their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.