Gang Ye Sells 20,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) COO Gang Ye sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00. Following the transaction, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at $45,048,000. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.94, for a total transaction of $2,278,800.00.
  • On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.00, for a total transaction of $2,060,000.00.
  • On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $104.41, for a total value 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 value of $2,017,800.00.
  • On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The shares were 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 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 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 shares were 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 transaction of $872,600.00.

SEA Price Performance

Shares of NYSE:SE opened at $111.48 on Thursday. The firm’s 50 day moving average price is $93.18 and its 200-day moving average price is $99.45. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve 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 stock has a market capitalization of $68.12 billion, a PE ratio of 43.89, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55.

SEA (NYSE:SEGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts expect that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. TD Cowen upped their price objective on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Barclays lifted their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.54.

Check Out Our Latest Stock Analysis on SE

Hedge Funds Weigh In On SEA

A number of hedge funds have recently modified their holdings of SE. Venturi Wealth Management LLC raised its holdings in SEA by 1.9% during the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock valued at $664,000 after acquiring an additional 98 shares during the period. Cloud Capital Management LLC boosted its stake in shares of SEA by 8.0% in the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after acquiring an additional 148 shares during the period. SlateStone Wealth LLC boosted its stake in shares of SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after acquiring an additional 150 shares during the period. Stonekeep Investments LLC grew its position 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 worth $403,000 after purchasing an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 in the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA News Roundup

Here are the key news stories impacting SEA this week:

  • Positive Sentiment: Wall Street sentiment remains constructive, with Sea Limited still carrying a consensus “Moderate Buy” rating and a target price well above recent trading levels, which may help support the stock. Article Title
  • Neutral Sentiment: Recent analysis pieces compared SE with peers and asked whether the stock remains a value or buy candidate, but these articles were mostly commentary rather than new company-specific catalysts. Article Title
  • Negative Sentiment: Multiple insider sales in a short period, including trades by COO Gang Ye and insider Yanjun Wang, may create short-term selling pressure and raise questions about insider confidence, even if some transactions were pre-planned. Article Title

SEA Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for SEA (NYSE:SE)

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