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 company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $109.65, for a total transaction of $2,193,000.00. Following the completion of the transaction, the chief operating officer owned 560,000 shares in the company, valued at approximately $61,404,000. The trade was a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $106.76, for a total transaction of $2,135,200.00.
• On Wednesday, July 29th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $108.41, for a total transaction of $2,168,200.00.
• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $105.20, for a total transaction of $2,104,000.00.
• On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.62, for a total transaction of $2,132,400.00.
• On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.69, for a total transaction of $2,073,800.00.
• On Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $99.91, for a total transaction of $1,998,200.00.
• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00.
• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.94, for a total transaction of $2,278,800.00.
• On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.00, for a total value of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.41, for a total value of $2,088,200.00.

SEA Stock Up 3.0%

SEA stock opened at $114.80 on Thursday. The firm has a market cap of $70.15 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 1.07 and a beta of 1.54. The stock has a fifty day simple moving average of $98.44 and a two-hundred day simple moving average of $96.81. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. 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 announced its quarterly 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 business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities analysts predict that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SE. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Barclays lifted their target price 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. JPMorgan Chase & Co. decreased their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.81.

Institutional Trading of SEA

Several large investors have recently added to or reduced their stakes in SE. Woodline Partners LP purchased a new position in shares of SEA during the 1st quarter worth $4,028,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of 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 worth $6,268,000 after purchasing an additional 27,953 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of 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 worth $4,348,000 after purchasing an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings 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 worth $86,880,000 after purchasing an additional 27,964 shares during the period. Finally, Morse Asset Management Inc lifted its position in SEA by 21.1% during the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after purchasing an additional 2,121 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.