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 Friday, May 1st. The shares were sold at an average price of $86.14, for a total value of $861,400.00. Following the completion of the sale, the chief operating officer directly owned 200,000 shares of the company’s stock, valued at approximately $17,228,000. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, April 29th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.32, for a total value of $833,200.00.
• On Monday, April 27th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.92, for a total value of $859,200.00.
• On Friday, April 24th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $84.57, for a total value of $845,700.00.
• On Wednesday, April 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.99, for a total value of $859,900.00.
• On Monday, April 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.56, for a total value of $895,600.00.
• On Friday, April 17th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.15, for a total value of $921,500.00.
• On Wednesday, April 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.88, for a total value of $888,800.00.
• On Monday, April 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.39, for a total value of $843,900.00.
• On Friday, April 10th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.73, for a total value of $857,300.00.
• On Wednesday, April 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.71, for a total value of $867,100.00.

SEA Stock Performance

NYSE:SE opened at $86.20 on Monday. The stock has a market cap of $52.67 billion, a P/E ratio of 34.21, a PEG ratio of 0.90 and a beta of 1.57. The stock has a 50 day simple moving average of $88.49 and a 200 day simple moving average of $117.32. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Research analysts anticipate that Sea Limited Sponsored ADR will post 3.32 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in SE. Salomon & Ludwin LLC increased its stake in SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after acquiring an additional 143 shares during the period. Rothschild Investment LLC increased its stake in SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares during the period. Zions Bancorporation National Association UT increased its stake in SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 259 shares during the period. Holos Integrated Wealth LLC bought a new position in SEA during the 4th quarter worth $44,000. Finally, Cornerstone Planning Group LLC increased its stake in SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after acquiring an additional 540 shares during the period. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SE. JPMorgan Chase & Co. dropped their price target on SEA from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Barclays dropped their price target on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Sanford C. Bernstein dropped their price target on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price target on shares of SEA in a report on Tuesday, March 3rd. Finally, Bank of America restated a “buy” rating and set a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $161.66.

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.