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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $109.65, for a total value of $2,193,000.00. Following the completion of the transaction, the chief operating officer directly owned 560,000 shares of the company’s stock, valued at $61,404,000. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $106.76, for a total value of $2,135,200.00.
• On Wednesday, July 29th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $108.41, for a total value of $2,168,200.00.
• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $105.20, for a total value of $2,104,000.00.
• On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $106.62, for a total value of $2,132,400.00.
• On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.69, for a total transaction of $2,073,800.00.
• On Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $99.91, for a total transaction of $1,998,200.00.
• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $112.62, for a total transaction of $2,252,400.00.
• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.94, for a total transaction of $2,278,800.00.
• On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.00, for a total transaction of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $104.41, for a total transaction of $2,088,200.00.

SEA Stock Down 3.4%

SE stock opened at $111.01 on Friday. The firm’s 50-day moving average is $98.82 and its two-hundred day moving average is $96.73. The company has a market capitalization of $67.83 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.54. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was up 46.6% on a year-over-year basis. On average, analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of hedge funds have recently bought and sold shares of SE. Handelsbanken Fonder AB boosted its holdings in shares of SEA by 18.8% in the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock worth $16,066,000 after buying an additional 26,498 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of SEA during the second quarter valued at approximately $215,000. GAMMA Investing LLC lifted its position in shares of SEA by 6.6% in 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 acquiring an additional 170 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of SEA by 195.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,561 shares of the Internet company based in Singapore’s stock valued at $245,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in SEA by 39.7% in the 1st quarter. Rathbones Group PLC now owns 30,750 shares of the Internet company based in Singapore’s stock worth $2,546,000 after purchasing an additional 8,735 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SE. Barclays lifted their price target on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. TD Cowen decreased their target price on SEA from $108.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a report on Monday, July 20th. JPMorgan Chase & Co. dropped their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $154.81.

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.