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 company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $88.60, for a total transaction of $886,000.00. Following the completion of the sale, the chief operating officer directly owned 290,000 shares in the company, valued at $25,694,000. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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.
• On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.78, for a total transaction of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.67, for a total transaction of $836,700.00.
• On Wednesday, May 6th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.39, for a total transaction of $883,900.00.
• On Monday, May 4th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.75, for a total transaction of $857,500.00.
• On Friday, May 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.14, for a total transaction of $861,400.00.
• On Wednesday, April 29th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.32, for a total transaction of $833,200.00.
• On Monday, April 27th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.92, for a total transaction of $859,200.00.
• On Friday, April 24th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.57, for a total transaction of $845,700.00.
• On Wednesday, April 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.99, for a total transaction of $859,900.00.

SEA Stock Performance

Shares of SE opened at $87.01 on Wednesday. The firm has a 50-day moving average price of $85.50 and a 200 day moving average price of $111.80. The firm has a market capitalization of $53.17 billion, a PE ratio of 34.26, a P/E/G ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

SEA (NYSE:SE) last announced its 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). The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of SEA by 43.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock valued at $206,000 after purchasing an additional 751 shares in the last quarter. Entropy Technologies LP bought a new position in shares of SEA during the 1st quarter valued at about $678,000. Andra AP fonden lifted its stake in SEA by 69.8% during the first quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore’s stock valued at $4,977,000 after buying an additional 24,700 shares in the last quarter. Parallel Advisors LLC lifted its stake in SEA by 8.5% during the first quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock valued at $501,000 after buying an additional 474 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in SEA by 26.5% during 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 buying an additional 174 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein decreased their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Bank of America reiterated a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. 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 report on Thursday, May 14th. Morgan Stanley set a $121.00 target price on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.41.

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.