Gang Ye Sells 10,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of SEA stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $84.33, for a total transaction of $843,300.00. Following the sale, the chief operating officer owned 140,000 shares of the company’s stock, valued at approximately $11,806,200. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.21, for a total transaction of $872,100.00.
• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $90.47, for a total transaction of $904,700.00.
• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $96.16, for a total transaction of $961,600.00.
• On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.02, for a total transaction of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.47, for a total transaction of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.85, for a total value of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.35, for a total value of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.11, for a total value of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.60, for a total value of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $94.61, for a total value of $946,100.00.

SEA Price Performance

Shares of SEA stock opened at $85.65 on Friday. The firm has a market capitalization of $52.33 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 0.86 and a beta of 1.57. 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 Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The business’s 50-day moving average price is $87.35 and its 200-day moving average price is $104.76.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. TD Cowen upped their price target on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Barclays raised their price objective on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. decreased their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SE. Woodline Partners LP purchased a new stake in SEA during the 1st quarter valued at $4,028,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of SEA by 248.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after acquiring an additional 27,953 shares during the period. Captrust Financial Advisors raised its stake in shares of SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after acquiring an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury raised its stake in shares of SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after acquiring an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc boosted its holdings in shares of SEA by 21.1% during the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock worth $1,946,000 after purchasing an additional 2,121 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.