SEA (NYSE:SE) COO Sells $800,600.00 in Stock

Key Points

• COO Gang Ye sold 10,000 Sea Ltd. shares on March 23 at an average price of $80.06 for $800,600, leaving him with 450,000 shares valued at about $36.03 million (a 2.17% ownership decline).
• The March 23 trade is part of a string of insider disposals totaling 30,000 shares this month (Mar 18: 10,000 at $85.17; Mar 20: 10,000 at $80.79; Mar 23: 10,000 at $80.06), indicating a short-term selling pattern.
• Sea’s latest quarter showed revenue beat of $6.85 billion (+38.4% YoY) but an EPS miss of $0.63 versus $0.91 expected; analysts average a "Moderate Buy" rating with a $166.83 target.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 10,000 shares of the firm's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $80.06, for a total value of $800,600.00. Following the completion of the sale, the chief operating officer directly owned 450,000 shares of the company's stock, valued at $36,027,000. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.79, for a total value of $807,900.00.
• 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 Trading Up 1.3%

Shares of SE opened at $79.89 on Tuesday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The firm has a market capitalization of $47.06 billion, a P/E ratio of 31.70, a P/E/G ratio of 0.73 and a beta of 1.59. The firm has a 50-day moving average price of $106.66 and a 200 day moving average price of $137.77. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

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

Institutional Trading of SEA

Several institutional investors have recently added to or reduced their stakes in SE. Venturi Wealth Management LLC raised its position in SEA by 1.9% in 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 purchasing an additional 98 shares during the period. Belpointe Asset Management LLC lifted its stake in SEA by 1.8% during the third quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore's stock worth $1,033,000 after purchasing an additional 103 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of SEA by 114.0% during the third 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 period. GAMMA Investing LLC boosted its position in shares of SEA by 4.8% during the third quarter. GAMMA Investing LLC now owns 3,112 shares of the Internet company based in Singapore's stock worth $556,000 after buying an additional 142 shares during the period. Finally, Salomon & Ludwin LLC grew its stake in shares of SEA by 2,860.0% in the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore's stock valued at $27,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SE shares. Jefferies Financial Group reiterated a "buy" rating and issued a $150.00 price objective on shares of SEA in a report on Tuesday, March 3rd. Sanford C. Bernstein reduced their target price on SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 4th. Wedbush decreased their price target on SEA from $190.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, December 19th. Barclays lowered their price target on SEA from $226.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, March 5th. Finally, Bank of America restated a "buy" rating and issued a $125.00 price objective on shares of SEA in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $166.83.

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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