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 SEA stock in a transaction on Friday, September 18th. The shares were sold at an average price of $102.01, for a total value of $2,040,200.00. Following the completion of the sale, the chief operating officer directly owned 598,792 shares of the company’s stock, valued at $61,082,771.92. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, September 16th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $104.11, for a total value of $2,082,200.00.
• On Monday, September 14th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $107.95, for a total value of $2,159,000.00.
• On Thursday, September 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $108.04, for a total value of $2,160,800.00.
• On Tuesday, September 8th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $112.73, for a total value of $2,254,600.00.
• On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.33, for a total transaction of $2,266,600.00.
• 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 transaction 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 transaction of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were 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.

SEA Price Performance

Shares of SE opened at $102.55 on Tuesday. The company has a market cap of $62.66 billion, a P/E ratio of 39.59, a PEG ratio of 1.02 and a beta of 1.51. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $195.48. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $111.63 and its 200 day moving average price is $96.96.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The business’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. On average, research analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SE shares. Barclays lifted their target price on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 price target on SEA and gave the stock a “buy” rating in a report on Monday, September 7th. Benchmark increased their price target on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, TD Cowen reissued a “hold” rating on shares of SEA in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.40.

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently modified their holdings of the company. Raiffeisen Bank International AG lifted its stake in SEA by 1.8% during the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after purchasing an additional 115 shares during the last quarter. SlateStone Wealth LLC boosted its holdings in SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC increased its stake in SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after purchasing an additional 170 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares during the last quarter. Finally, Dorsey Wright & Associates raised its holdings in SEA by 2.3% during the fourth quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock worth $1,660,000 after purchasing an additional 298 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.