Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) COO Gang Ye sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $103.00, for a total transaction of $2,060,000.00. Following the sale, the chief operating officer owned 460,000 shares in the company, valued at $47,380,000. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Gang Ye also recently made the following trade(s):
- On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.41, for a total transaction of $2,088,200.00.
- On Wednesday, July 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $100.89, for a total transaction of $2,017,800.00.
- On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.63, for a total value of $926,300.00.
- On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.58, for a total value of $895,800.00.
- On Wednesday, June 24th, Gang Ye sold 10,000 shares of SEA stock. The shares were 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 shares were 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 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 stock was 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.
SEA Stock Performance
SEA stock opened at $110.87 on Monday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. 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’s 50-day moving average price is $91.72 and its two-hundred day moving average price is $99.78. The stock has a market cap of $67.74 billion, a PE ratio of 43.65, a P/E/G ratio of 1.07 and a beta of 1.55.
Analysts Set New Price Targets
Several brokerages recently commented on SE. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Barclays boosted their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. TD Cowen increased their price target on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. cut 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 investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its holdings in SEA by 1.9% during the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after acquiring an additional 98 shares during the last quarter. Cloud Capital Management LLC increased its position in SEA by 8.0% in the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after acquiring an additional 148 shares during the period. SlateStone Wealth LLC raised its stake in shares of SEA by 0.5% during the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after acquiring an additional 150 shares during the last quarter. Stonekeep Investments LLC raised its stake in shares of SEA by 5.6% during the fourth quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock valued at $403,000 after acquiring an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of SEA by 6.6% during the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after purchasing an additional 170 shares during the period. Institutional investors 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.
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