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 22nd. The shares were sold at an average price of $89.70, for a total transaction of $897,000.00. Following the completion of the transaction, the chief operating officer directly owned 620,000 shares in the company, valued at $55,614,000. This trade represents a 1.59% decrease in their ownership of the stock. The sale 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 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 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 stock was 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 shares were sold at an average price of $92.02, for a total value of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.47, for a total value of $894,700.00.

SEA Stock Up 1.0%

Shares of NYSE SE opened at $92.69 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The company has a market cap of $56.64 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 0.96 and a beta of 1.57. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The stock has a 50-day moving average price of $88.35 and a two-hundred day moving average price of $101.79.

SEA (NYSE:SE) last posted its quarterly 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 net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. As a group, analysts forecast that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Morgan Stanley set a $121.00 price target on SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, Barclays raised their price objective on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. One equities research 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 company. Based on data from MarketBeat, the company 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. Zions Bancorporation National Association UT grew its holdings in SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 259 shares during the last quarter. Holos Integrated Wealth LLC bought a new position in shares of SEA during the fourth quarter valued at $44,000. Hillsdale Investment Management Inc. lifted its holdings in shares of SEA by 44.4% during the third quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock worth $116,000 after purchasing an additional 200 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of SEA by 461.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after purchasing an additional 540 shares during the period. Finally, Oarsman Capital Inc. bought a new stake in shares of SEA in the third quarter worth $201,000. 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.