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 business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.47, for a total value of $904,700.00. Following the transaction, the chief operating officer owned 170,000 shares in the company, valued at $15,379,900. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 stock was 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 stock was sold at an average price of $89.47, for a total value of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.85, for a total value of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.35, for a total value of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.11, for a total value of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.60, for a total value of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $94.61, for a total value of $946,100.00.
• On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.78, for a total value of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.67, for a total value of $836,700.00.

SEA Stock Performance

NYSE SE opened at $86.80 on Friday. 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 business’s 50 day moving average is $86.98 and its two-hundred day moving average is $106.56. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The stock has a market capitalization of $53.04 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 0.96 and a beta of 1.57.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion for 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%.SEA’s revenue was up 46.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Research analysts expect that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Woodline Partners LP purchased a new stake in SEA in the 1st quarter valued at approximately $4,028,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in SEA by 248.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after buying an additional 27,953 shares in the last quarter. Captrust Financial Advisors lifted its stake in SEA by 4.2% in the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after buying an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in SEA by 5.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after buying an additional 27,964 shares in the last quarter. Finally, Morse Asset Management Inc lifted its stake in shares of SEA by 21.1% during the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock worth $1,946,000 after purchasing an additional 2,121 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SE. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Bank of America reissued a “buy” rating and set a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Morgan Stanley set a $121.00 price target on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Sanford C. Bernstein decreased their price target on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. decreased their price target on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One investment 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, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $155.54.

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.