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 stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $92.63, for a total value of $926,300.00. Following the completion of the sale, the chief operating officer directly owned 570,000 shares of the company’s stock, valued at $52,799,100. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 stock was 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 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.

SEA Stock Up 0.4%

SEA stock opened at $102.72 on Friday. The stock has a 50 day moving average of $89.16 and a two-hundred day moving average of $100.44. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock has a market capitalization of $62.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.10 and a beta of 1.55. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last released its earnings results 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). 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 period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. As a group, research analysts expect that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SE shares. Barclays upped their price objective on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Bank of America reiterated a “buy” rating and set a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a report on Tuesday, May 12th. TD Cowen increased their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SE. Zions Bancorporation National Association UT boosted its position in shares of 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 purchasing an additional 259 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of SEA in the 4th quarter valued at about $44,000. Cornerstone Planning Group LLC increased its holdings in shares of SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after purchasing an additional 573 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in shares of SEA in the fourth quarter valued at about $175,000. Hedge funds and other 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.