Insider Selling: SEA (NYSE:SE) COO Sells $2,159,000.00 in Stock

Key Points

• SEA COO Gang Ye sold 20,000 shares at an average price of $107.95, generating $2.159 million and reducing his stake by 2.86% to 678,792 shares.
• Ye has made a series of additional SEA sales since August 19, totaling more than $25 million in disclosed transactions.
• SEA reported 48.3% year-over-year revenue growth to $7.79 billion but missed quarterly EPS estimates; analysts maintain a “Moderate Buy” consensus with an average price target of $149.40.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 20,000 shares of SEA stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $107.95, for a total value of $2,159,000.00. Following the transaction, the chief operating officer owned 678,792 shares of the company's stock, valued at $73,275,596.40. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, September 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $108.04, for a total transaction of $2,160,800.00.
• On Tuesday, September 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $112.73, for a total transaction of $2,254,600.00.
• On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.33, for a total value of $2,266,600.00.
• On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.29, for a total value of $2,265,800.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.82, for a total value of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $117.50, for a total transaction of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.96, for a total transaction of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $115.92, for a total transaction of $2,318,400.00.
• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.18, for a total transaction of $2,343,600.00.
• On Wednesday, August 19th, Gang Ye sold 21,208 shares of SEA stock. The stock was sold at an average price of $117.98, for a total transaction of $2,502,119.84.

SEA Price Performance

Shares of SEA stock opened at $108.49 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $66.29 billion, a price-to-earnings ratio of 41.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $196.45. The company has a 50-day simple moving average of $112.21 and a two-hundred day simple moving average of $96.99.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The business's revenue for the quarter was up 48.3% on a year-over-year basis. Analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC increased its stake in SEA by 129.6% in the second quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore's stock valued at $495,000 after acquiring an additional 2,917 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of SEA in the 2nd quarter valued at $8,191,000. National Pension Service increased its stake in shares of SEA by 10.0% in the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore's stock valued at $58,019,000 after purchasing an additional 54,819 shares during the last quarter. C WorldWide Group Holding A S increased its stake in shares of SEA by 2.6% in the 2nd quarter. C WorldWide Group Holding A S now owns 198,560 shares of the Internet company based in Singapore's stock valued at $19,028,000 after purchasing an additional 4,953 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of SEA by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after buying an additional 50,965 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SE shares. Royal Bank Of Canada raised SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Morgan Stanley reiterated an "overweight" rating and set a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. TD Cowen reissued a "hold" rating on shares of SEA in a report on Monday, August 17th. Finally, Benchmark raised their price target on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.40.

About SEA

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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