Insider Selling: SEA (NYSE:SE) COO Sells 10,000 Shares of Stock

Key Points

• Sea Limited COO Gang Ye sold 10,000 shares on May 26 at an average price of $89.47, totaling about $894,700. After the sale, he still held 230,000 shares valued at roughly $20.6 million.
• Ye has been actively trimming his stake, repeatedly selling 10,000 shares in multiple transactions throughout early May, indicating a steady pattern of insider selling rather than a one-time trade.
• SEA shares rose 5.1% and opened at $93.54, while the company recently reported quarterly revenue that beat expectations but earnings that missed analyst estimates.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $89.47, for a total transaction of $894,700.00. Following the transaction, the chief operating officer directly owned 230,000 shares of the company's stock, valued at $20,578,100. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.85, for a total transaction of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.35, for a total transaction of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.11, for a total transaction of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.60, for a total transaction of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $94.61, for a total transaction of $946,100.00.
• On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.78, for a total transaction of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.67, for a total transaction of $836,700.00.
• On Wednesday, May 6th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.39, for a total transaction of $883,900.00.
• On Monday, May 4th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.75, for a total transaction of $857,500.00.
• On Friday, May 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.14, for a total transaction of $861,400.00.

SEA Trading Up 5.1%

Shares of SE stock opened at $93.54 on Thursday. 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 stock has a market capitalization of $57.16 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company has a 50 day moving average price of $85.64 and a 200 day moving average price of $108.94. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the firm posted $0.65 EPS. The company's revenue for the quarter was up 46.6% on a year-over-year basis. Equities research analysts predict that Sea Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. Sanford C. Bernstein lowered their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, March 4th. Barclays boosted their price target on shares of SEA from $120.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, May 14th. Jefferies Financial Group reiterated a "buy" rating on shares of SEA in a report on Tuesday, May 12th. Finally, Bank of America reiterated a "buy" rating and set a $125.00 price target on shares of SEA in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $158.41.

Institutional Trading of SEA

Institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC lifted its position in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore's stock worth $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 259 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of SEA during the 4th quarter worth approximately $44,000. Cullen Frost Bankers Inc. lifted its position in shares of SEA by 41.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore's stock worth $100,000 after buying an additional 165 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of SEA by 44.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore's stock worth $116,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

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.

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