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

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) COO Gang Ye sold 10,000 shares of SEA stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $80.79, for a total value of $807,900.00. Following the completion of the sale, the chief operating officer directly owned 460,000 shares in the company, valued at $37,163,400. This represents a 2.13% decrease in their position. The sale 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, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.06, for a total transaction of $800,600.00.
  • On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.17, for a total value of $851,700.00.

SEA Stock Performance

Shares of SE opened at $78.17 on Wednesday. The company has a 50-day moving average of $105.64 and a two-hundred day moving average of $136.98. The stock has a market cap of $46.05 billion, a P/E ratio of 31.02, a PEG ratio of 0.74 and a beta of 1.59. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30.

SEA (NYSE:SEGet Free Report) last announced its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. As a group, research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley set a $121.00 target price on SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Barclays decreased their target price on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price target on shares of SEA in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.83.

View Our Latest Stock Analysis on SE

Hedge Funds Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after acquiring an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after purchasing an additional 350,840 shares during the period. Charles Lim Capital Ltd grew its position in SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after purchasing an additional 475,000 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after buying an additional 175,746 shares during the period. Finally, Baird Financial Group Inc. lifted its position in SEA by 14.4% in the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock worth $88,924,000 after buying an additional 70,070 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting SEA

Here are the key news stories impacting SEA this week:

About SEA

(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.

Featured Stories

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

Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.