SEA (NYSE:SE) COO Gang Ye Sells 10,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $86.35, for a total transaction of $863,500.00. Following the transaction, the chief operating officer directly owned 260,000 shares of the company’s stock, valued at $22,451,000. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.11, for a total value of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.60, for a total value of $886,000.00.
• 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 value 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 value of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $85.92, for a total transaction of $859,200.00.

SEA Stock Performance

Shares of SE stock opened at $88.94 on Friday. The stock has a market capitalization of $54.35 billion, a P/E ratio of 35.02, a PEG ratio of 0.88 and a beta of 1.57. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $85.42 and its 200 day moving average is $110.83. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SE. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. TD Cowen increased their price objective on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Sanford C. Bernstein dropped their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Barclays increased their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

More SEA News

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Sea’s first-quarter update was described as strong, with Shopee and digital financial services driving growth through higher orders, better revenue, loyalty program gains, logistics improvements, and expansion of the fintech business into Brazil. Sea First Quarter Strength Tests E Commerce And Fintech Margin Trade Off
• Positive Sentiment: Recent coverage has framed Sea as potentially undervalued, with continued market-share gains helping support the long-term growth story. Is Sea Limited Stock an Undervalued Stock to Buy?
• Neutral Sentiment: Analysts remain generally constructive after earnings, though J.P. Morgan trimmed its price target slightly while keeping an Overweight rating, suggesting the outlook is still favorable overall. Analysts Adjust Price Targets on Sea Limited (SE) After Q1 Report
• Negative Sentiment: Recent insider sales by COO Gang Ye and executives Jingye Chen and Yanjun Wang may be pressuring sentiment, as multiple executives reduced their holdings in recent days. SEC filing for Gang Ye sale

Institutional Trading of SEA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC raised its position in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 106 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of 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 valued at $39,000 after buying an additional 259 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of SEA during the 4th quarter valued at about $44,000. Cornerstone Planning Group LLC raised its holdings in shares of SEA by 26.5% during the 1st 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. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of SEA by 41.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock valued at $100,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.