Insider Selling: SEA (NYSE:SE) COO Sells 20,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) COO Gang Ye sold 20,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $114.59, for a total value of $2,291,800.00. Following the transaction, the chief operating officer owned 460,000 shares in the company, valued at $52,711,400. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, August 7th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.17, for a total value of $2,263,400.00.
  • On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.62, for a total value 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 value of $2,193,000.00.
  • On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 shares were 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 stock was sold at an average price of $105.20, for a total transaction of $2,104,000.00.
  • On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.62, for a total transaction of $2,132,400.00.
  • On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.69, for a total transaction of $2,073,800.00.
  • On Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $99.91, for a total transaction of $1,998,200.00.
  • On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00.

SEA Price Performance

Shares of NYSE:SE opened at $114.81 on Tuesday. The stock has a market cap of $70.15 billion, a PE ratio of 45.20, a PEG ratio of 1.09 and a beta of 1.54. The company’s fifty day moving average is $99.67 and its 200 day moving average is $96.63. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. 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:SEGet Free Report) last released its quarterly earnings data 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 return on equity of 14.12% and a net margin of 6.41%.The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 46.6% on a year-over-year basis. Research analysts anticipate that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Institutional Investors Weigh In On SEA

A number of large investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its stake in shares of 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 valued at $664,000 after buying an additional 98 shares during the period. Cloud Capital Management LLC boosted its holdings in SEA by 8.0% in the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after acquiring an additional 148 shares in the last quarter. SlateStone Wealth LLC boosted its holdings in SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC boosted its holdings in SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after acquiring an additional 170 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. TD Cowen cut their target price on shares of SEA from $108.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Finally, 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. 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 data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $154.81.

View Our Latest Analysis on SE

About SEA

(Get Free Report)

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.

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