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

Key Points

• SEA COO Gang Ye sold 20,000 shares at an average price of $102.01, generating $2.04 million. He retained 598,792 shares valued at approximately $61.1 million, while the sale continued a series of insider disposals.
• SEA opened at $101.68, with a market capitalization of $62.13 billion and a 1-year trading range of $77.05 to $195.48. Its latest quarterly revenue rose 48.3% year over year to $7.79 billion, though earnings per share of $0.70 missed estimates.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $149.40; institutional investors own 59.53% of the company.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 20,000 shares of the firm's stock in a transaction on Friday, September 18th. The shares were sold at an average price of $102.01, for a total value of $2,040,200.00. Following the completion of the sale, the chief operating officer directly owned 598,792 shares of the company's stock, valued at approximately $61,082,771.92. This trade represents a 3.23% 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 Wednesday, September 16th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.11, for a total value of $2,082,200.00.
• On Monday, September 14th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $107.95, for a total transaction of $2,159,000.00.
• 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 shares were sold at an average price of $112.73, for a total value of $2,254,600.00.
• On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 stock was 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 stock was sold at an average price of $117.50, for a total value 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 stock was sold at an average price of $115.92, for a total transaction of $2,318,400.00.

SEA Stock Performance

NYSE:SE opened at $101.68 on Monday. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $195.48. The firm has a 50 day simple moving average of $111.80 and a 200-day simple moving average of $96.86. The firm has a market cap of $62.13 billion, a PE ratio of 39.26, a P/E/G ratio of 1.02 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

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

Institutional Investors Weigh In On SEA

Several large investors have recently made changes to their positions in the business. Carrhae Capital LLP purchased a new stake in SEA during the 2nd quarter worth $140,501,000. SG Americas Securities LLC increased its holdings in SEA by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock valued at $135,999,000 after purchasing an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd raised its position in SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock valued at $95,678,000 after purchasing an additional 475,000 shares during the period. Baird Financial Group Inc. lifted its stake in shares of SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after purchasing an additional 50,965 shares in the last quarter. Finally, Carmignac Gestion lifted its stake in shares of SEA by 2.2% during the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock worth $62,349,000 after purchasing an additional 14,242 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SE. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday, September 8th. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. TD Cowen reissued a "hold" rating on shares of SEA in a research note on Monday, August 17th. Barclays upped their price objective on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Finally, Benchmark lifted their target price on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.40.

SEA Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.