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 the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $92.80, for a total transaction of $928,000.00. Following the sale, the chief operating officer owned 600,000 shares in the company, valued at $55,680,000. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.70, for a total transaction of $897,000.00.
• On Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $91.57, for a total value of $915,700.00.
• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.26, for a total value of $872,600.00.
• On Friday, June 12th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.76, for a total value of $837,600.00.
• On Wednesday, June 10th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $82.51, for a total value of $825,100.00.
• On Monday, June 8th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $84.33, for a total value of $843,300.00.
• 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 value of $872,100.00.
• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $90.47, for a total value 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 value 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 value of $920,200.00.

SEA Stock Up 2.6%

Shares of SE opened at $91.36 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $88.44 and a 200 day moving average of $101.41. The company has a market cap of $55.82 billion, a PE ratio of 35.97, a P/E/G ratio of 0.93 and a beta of 1.57. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

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 for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The company’s revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the topic of several recent research reports. Barclays increased their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Morgan Stanley set a $121.00 target price on shares of SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. TD Cowen raised their price target on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Finally, Bank of America reissued a “buy” rating and set a $125.00 target price on shares of SEA in a research report on Monday, March 9th. One research 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 company’s stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

Hedge Funds Weigh In On SEA

Large investors have recently made changes to their positions in the company. Woodline Partners LP acquired a new position in SEA in the 1st quarter worth about $4,028,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in 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 purchasing an additional 27,953 shares during the period. Captrust Financial Advisors grew its holdings in SEA by 4.2% in 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 purchasing an additional 1,084 shares during the period. State of Tennessee Department of Treasury increased its position in shares of SEA by 5.4% in 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 buying an additional 27,964 shares in the last quarter. Finally, Morse Asset Management Inc increased its position in shares of SEA by 21.1% in the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after buying an additional 2,121 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.