SEA (NYSE:SE) COO Sells $842,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of SEA stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $84.28, for a total transaction of $842,800.00. Following the sale, the chief operating officer owned 410,000 shares of the company’s stock, valued at approximately $34,554,800. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, March 25th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.60, for a total value of $806,000.00.
• On Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.06, for a total value of $800,600.00.
• 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 stock was sold at an average price of $85.17, for a total value of $851,700.00.

SEA Stock Down 0.2%

SEA stock opened at $82.16 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $48.40 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The stock’s fifty day moving average is $98.94 and its two-hundred day moving average is $131.11.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $6.42 billion. During the same period last year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. Analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Osbon Capital Management LLC purchased a new position in shares of SEA during the fourth quarter valued at approximately $175,000. Dorsey Wright & Associates grew its stake in SEA by 2.3% in the 4th quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock worth $1,660,000 after acquiring an additional 298 shares during the period. State of Tennessee Department of Treasury raised its holdings in SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after acquiring an additional 175,746 shares during the last quarter. Align Financial LLC acquired a new position in SEA in the 4th quarter valued at $2,897,000. Finally, Advisory Services Network LLC lifted its stake in shares of SEA by 7.1% during the 4th quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore’s stock worth $460,000 after purchasing an additional 239 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of SEA in a report on Tuesday, March 3rd. Morgan Stanley set a $121.00 price objective on SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Bank of America reaffirmed a “buy” rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Finally, Barclays dropped their price target on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus 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.