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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $84.28, for a total transaction of $842,800.00. Following the sale, the chief operating officer owned 410,000 shares in the company, valued at $34,554,800. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, March 25th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.60, for a total transaction of $806,000.00.
• On Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.06, for a total transaction of $800,600.00.
• On Friday, March 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.79, for a total transaction of $807,900.00.
• On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.17, for a total transaction of $851,700.00.

SEA Price Performance

SEA stock traded down $0.30 during mid-day trading on Thursday, reaching $81.86. The company had a trading volume of 686,027 shares, compared to its average volume of 5,842,792. The stock’s 50-day simple moving average is $100.61 and its 200-day simple moving average is $132.62. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. The company has a market capitalization of $48.22 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.77 and a beta of 1.69.

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 analysts’ consensus estimates of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was up 38.4% on a year-over-year basis. On average, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the subject of several research reports. Morgan Stanley set a $121.00 price target on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Bank of America restated a “buy” rating and set a $125.00 target price on shares of SEA in a research report on Monday, March 9th. Barclays lowered their price target on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $166.83.

Institutional Trading of SEA

Hedge funds have recently added to or reduced their stakes in the business. Osbon Capital Management LLC acquired a new stake in shares of SEA in the fourth quarter worth approximately $175,000. Dorsey Wright & Associates raised its stake in SEA by 2.3% during the fourth quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock worth $1,660,000 after purchasing an additional 298 shares during the period. State of Tennessee Department of Treasury boosted its holdings in shares of SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares during the last quarter. Align Financial LLC purchased a new stake in shares of SEA during the 4th quarter valued at $2,897,000. Finally, Advisory Services Network LLC grew its stake in shares of SEA by 7.1% during the 4th quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore’s stock valued at $460,000 after buying an additional 239 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

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.