SEA (NYSE:SE) COO Gang Ye Sells 10,000 Shares

Key Points

• Gang Ye, Sea's COO, sold a total of 30,000 shares across March 18–23 (10,000 shares on each date) for roughly $2.46 million
• Quarterly results mixed: Sea reported $0.63 EPS versus $0.91 expected (a miss) while revenue came in at $6.85 billion versus $6.42 billion expected, up 38.4% year-over-year.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 10,000 shares of the business's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $80.79, for a total transaction of $807,900.00. Following the sale, the chief operating officer directly owned 460,000 shares in the company, valued at approximately $37,163,400. The trade was a 2.13% decrease in their position. The transaction 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 Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.06, for a total transaction of $800,600.00.
• On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.17, for a total transaction of $851,700.00.

SEA Stock Performance

NYSE:SE opened at $79.89 on Tuesday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a 50 day simple moving average of $106.66 and a two-hundred day simple moving average of $137.77. The company has a market capitalization of $47.06 billion, a PE ratio of 31.70, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.28). The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm's revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SE. Weiss Ratings restated a "hold (c-)" rating on shares of SEA in a research note on Monday, December 29th. Jefferies Financial Group reiterated a "buy" rating and issued a $150.00 target price on shares of SEA in a report on Tuesday, March 3rd. Zacks Research lowered shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 10th. Sanford C. Bernstein cut their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, March 4th. Finally, Wedbush reduced their price objective on shares of SEA from $190.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $166.83.

Hedge Funds Weigh In On SEA

Large investors have recently modified their holdings of the company. Lingohr Asset Management GmbH increased its stake in SEA by 219.4% in the 3rd quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore's stock worth $2,270,000 after acquiring an additional 8,724 shares during the last quarter. Andra AP fonden boosted its position in shares of SEA by 7.0% during the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore's stock valued at $25,791,000 after acquiring an additional 9,400 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of SEA by 14.4% during the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore's stock valued at $88,924,000 after acquiring an additional 70,070 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore's stock worth $515,894,000 after purchasing an additional 521,782 shares in the last quarter. Finally, BNP Paribas increased its position in shares of SEA by 34.9% in the second quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore's stock worth $4,624,000 after purchasing an additional 7,480 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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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