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 company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $115.92, for a total value of $2,318,400.00. Following the completion of the transaction, the chief operating officer directly owned 408,792 shares in the company, valued at $47,387,168.64. This trade represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 shares were sold at an average price of $117.98, for a total transaction of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $116.64, for a total value of $2,332,800.00.
• On Monday, August 17th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $120.08, for a total transaction of $3,602,400.00.
• On Thursday, August 13th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $124.06, for a total value of $3,721,800.00.
• On Tuesday, August 11th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00.
• On Monday, August 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $114.59, for a total transaction of $2,291,800.00.
• On Friday, August 7th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.17, for a total value of $2,263,400.00.
• On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.62, for a total transaction of $2,272,400.00.
• On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $109.65, for a total value of $2,193,000.00.

SEA Stock Performance

Shares of SE stock opened at $115.71 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The company has a market cap of $70.70 billion, a PE ratio of 44.68, a PEG ratio of 1.18 and a beta of 1.54. The business’s fifty day simple moving average is $106.52 and its 200-day simple moving average is $96.65. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SE. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. JPMorgan Chase & Co. cut their price target on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Morgan Stanley restated an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $151.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in shares of SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after acquiring an additional 39,253,472 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of SEA by 25.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,253 shares of the Internet company based in Singapore’s stock valued at $312,000 after acquiring an additional 652 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of SEA in the second quarter valued at approximately $203,000. FirstWave Capital Management LLC boosted its holdings in shares of SEA by 19.5% during the 2nd quarter. FirstWave Capital Management LLC now owns 45,120 shares of the Internet company based in Singapore’s stock worth $4,324,000 after buying an additional 7,369 shares during the period. Finally, Raiffeisen Bank International AG raised its holdings in SEA by 1.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

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.