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 business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $84.33, for a total value of $843,300.00. Following the completion of the transaction, the chief operating officer owned 140,000 shares in the company, valued at $11,806,200. This trade represents a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.21, for a total value of $872,100.00.
• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $90.47, for a total value of $904,700.00.
• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $96.16, for a total value of $961,600.00.
• On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.02, for a total value of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.47, for a total value of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.85, for a total value of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.35, for a total value of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 stock was 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 stock was sold at an average price of $94.61, for a total value of $946,100.00.

SEA Price Performance

NYSE SE opened at $82.47 on Thursday. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. The stock has a market capitalization of $50.39 billion, a PE ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.57. The stock has a 50-day simple moving average of $87.29 and a 200 day simple moving average of $105.08.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the firm posted $0.65 EPS. SEA’s revenue for the quarter was up 46.6% on a year-over-year basis. Research analysts anticipate that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. Morgan Stanley set a $121.00 price objective on SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Bank of America reaffirmed a “buy” rating and issued a $125.00 price target on shares of SEA in a report on Monday, March 9th. JPMorgan Chase & Co. cut their price target on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently modified their holdings of the stock. Andra AP fonden grew its position in SEA by 7.0% during the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock worth $25,791,000 after acquiring an additional 9,400 shares during the last quarter. Fred Alger Management LLC grew its position in SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after acquiring an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after acquiring an additional 350,840 shares during the last quarter. Rathbones Group PLC grew its position in SEA by 78.6% during the 4th quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore’s stock worth $2,808,000 after acquiring an additional 9,688 shares during the last quarter. Finally, Ramirez Asset Management Inc. bought a new stake in SEA during the 4th quarter worth approximately $3,560,000. 59.53% of the stock is owned by institutional investors and hedge funds.

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.