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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of SEA stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $89.58, for a total transaction of $895,800.00. Following the completion of the sale, the chief operating officer owned 580,000 shares of the company’s stock, valued at approximately $51,956,400. The trade was a 1.69% 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 Wednesday, June 24th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.80, for a total value of $928,000.00.
• On Monday, June 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.70, for a total value 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 shares were 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 stock was 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 shares were 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 stock was sold at an average price of $96.16, for a total transaction of $961,600.00.

SEA Trading Up 1.5%

Shares of SEA stock opened at $92.69 on Tuesday. The company has a market capitalization of $56.64 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 0.95 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 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 firm’s 50-day moving average price is $88.49 and its two-hundred day moving average price is $100.96.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 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 firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business earned $0.65 earnings per share. SEA’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, analysts forecast that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently made changes to their positions in SE. Zions Bancorporation National Association UT increased its stake in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 259 shares during the period. Holos Integrated Wealth LLC acquired a new stake in SEA during the 4th quarter worth approximately $44,000. Cornerstone Planning Group LLC boosted its position in 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 worth $70,000 after buying an additional 174 shares during the period. Cullen Frost Bankers Inc. grew its holdings in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after acquiring an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new stake in SEA during the 4th quarter worth approximately $175,000. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reduced their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Zacks Research upgraded 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 SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Bank of America restated a “buy” rating and issued a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Finally, TD Cowen lifted 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.54.

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.