SEA (NYSE:SE) COO Gang Ye Sells 20,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $113.33, for a total transaction of $2,266,600.00. Following the sale, the chief operating officer directly owned 218,792 shares of the company’s stock, valued at approximately $24,795,697.36. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.29, for a total value of $2,265,800.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.82, for a total value of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.50, for a total transaction of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.96, for a total transaction of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $115.92, for a total transaction of $2,318,400.00.
• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.18, for a total value of $2,343,600.00.
• On Wednesday, August 19th, Gang Ye sold 21,208 shares of SEA stock. The stock was sold at an average price of $117.98, for a total value of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $116.64, for a total transaction of $2,332,800.00.
• On Monday, August 17th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $120.08, for a total transaction of $3,602,400.00.
• On Thursday, August 13th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $124.06, for a total value of $3,721,800.00.

SEA Trading Down 0.9%

NYSE:SE opened at $112.09 on Friday. The stock’s fifty day moving average price is $111.11 and its two-hundred day moving average price is $97.15. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a market cap of $68.49 billion, a P/E ratio of 43.28, a P/E/G ratio of 1.13 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The company’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen reissued a “hold” rating on shares of SEA in a research note on Monday, August 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Benchmark increased their target price on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.11.

Institutional Investors Weigh In On SEA

Several hedge funds have recently added to or reduced their stakes in SE. Corient Private Wealth LP grew its holdings in shares of SEA by 61.4% during the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock valued at $2,543,000 after buying an additional 10,099 shares during the last quarter. Wellington Grp LLC boosted its holdings in SEA by 123.6% in the second quarter. Wellington Grp LLC now owns 6,825 shares of the Internet company based in Singapore’s stock worth $654,000 after purchasing an additional 3,773 shares during the last quarter. California State Teachers Retirement System grew its position in SEA by 9,247.9% in the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares during the period. Ameritas Advisory Services LLC grew its stake in shares of SEA by 25.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,253 shares of the Internet company based in Singapore’s stock valued at $312,000 after purchasing an additional 652 shares during the period. Finally, HB Wealth Management LLC bought a new stake in shares of SEA during the 2nd quarter valued at about $203,000. 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.