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 firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $84.33, for a total transaction of $843,300.00. Following the completion of the transaction, the chief operating officer directly owned 140,000 shares in the company, valued at approximately $11,806,200. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.85, for a total transaction of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.35, for a total transaction of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.11, for a total transaction of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.60, for a total transaction of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $94.61, for a total transaction of $946,100.00.

SEA Price Performance

Shares of SE stock opened at $84.90 on Wednesday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The stock has a market cap of $51.88 billion, a PE ratio of 33.43, a PEG ratio of 0.88 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. The firm’s 50 day moving average price is $87.21 and its two-hundred day moving average price is $105.42.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SE. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. TD Cowen lifted their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Bank of America reissued a “buy” rating and set a $125.00 price target on shares of SEA in a research report on Monday, March 9th. Sanford C. Bernstein reduced their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Barclays lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average price target of $155.54.

Institutional Investors Weigh In On SEA

Several institutional investors have recently added to or reduced their stakes in SE. Fred Alger Management LLC lifted its position in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after acquiring an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd lifted its position in SEA by 172.7% in the 4th 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 acquiring an additional 475,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after acquiring an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in SEA in the 4th quarter valued at $26,282,000. Finally, State of Tennessee Department of Treasury lifted its position 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 acquiring an additional 175,746 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Company Profile

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.