SEA (NYSE:SE) COO Gang Ye Sells 20,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of SEA stock in a transaction on Monday, September 14th. The stock was sold at an average price of $107.95, for a total transaction of $2,159,000.00. Following the sale, the chief operating officer directly owned 678,792 shares of the company’s stock, valued at $73,275,596.40. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, September 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $108.04, for a total value 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 stock was 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 stock was 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 shares were 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 value of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $115.92, for a total value of $2,318,400.00.
• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.18, for a total value of $2,343,600.00.
• On Wednesday, August 19th, Gang Ye sold 21,208 shares of SEA stock. The stock was sold at an average price of $117.98, for a total value of $2,502,119.84.

SEA Stock Down 5.4%

Shares of SE opened at $102.81 on Wednesday. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $195.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a 50 day simple moving average of $112.18 and a two-hundred day simple moving average of $96.98. The firm has a market cap of $62.82 billion, a P/E ratio of 39.69, a P/E/G ratio of 1.09 and a beta of 1.51.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SE. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Benchmark raised their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Barclays lifted 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, Arete Research set a $152.00 target price on SEA and gave the company a “buy” rating in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Raiffeisen Bank International AG lifted its position in SEA by 1.8% during the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock valued at $595,000 after purchasing an additional 115 shares during the period. SlateStone Wealth LLC grew its position in SEA by 0.5% during the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC raised its stake in shares of SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after buying an additional 170 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after buying an additional 174 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its holdings in shares of 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 valued at $1,660,000 after buying an additional 298 shares during the period. Institutional investors own 59.53% of the company’s stock.

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.