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 the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $99.91, for a total transaction of $1,998,200.00. Following the transaction, the chief operating officer directly owned 220,000 shares of the company’s stock, valued at approximately $21,980,200. This represents a 8.33% decrease in their position. 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, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $105.20, for a total value of $2,104,000.00.
• On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.62, for a total value of $2,132,400.00.
• On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.69, for a total value of $2,073,800.00.
• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $112.62, for a total value of $2,252,400.00.
• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.94, for a total value of $2,278,800.00.
• On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.00, for a total value of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.41, for a total value of $2,088,200.00.
• On Wednesday, July 1st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $100.89, for a total transaction of $2,017,800.00.
• On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.63, for a total transaction of $926,300.00.
• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.58, for a total transaction of $895,800.00.

SEA Stock Performance

SEA stock traded down $1.02 during mid-day trading on Tuesday, reaching $103.37. The company had a trading volume of 2,682,305 shares, compared to its average volume of 4,952,213. 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. The company has a 50 day moving average of $95.51 and a 200-day moving average of $97.87. The firm has a market cap of $63.16 billion, a price-to-earnings ratio of 40.70, a PEG ratio of 0.96 and a beta of 1.55.

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 (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT boosted its stake in SEA by 539.6% in 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. Cornerstone Planning Group LLC raised its stake in SEA by 461.5% during the fourth 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 in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after acquiring an additional 573 shares during the period. Osbon Capital Management LLC bought a new position in shares of SEA during the fourth quarter valued at $175,000. Finally, Cloud Capital Management LLC boosted its stake in shares of SEA by 8.0% in the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SE shares. Barclays raised their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. TD Cowen lifted their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.54.

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.