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 firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $83.67, for a total transaction of $836,700.00. Following the completion of the sale, the chief operating officer owned 330,000 shares in the company, valued at $27,611,100. This represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 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.
• On Monday, April 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.56, for a total transaction of $895,600.00.
• On Friday, April 17th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.15, for a total transaction of $921,500.00.
• On Wednesday, April 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.88, for a total transaction of $888,800.00.

SEA Trading Down 1.9%

Shares of SE stock opened at $85.07 on Tuesday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $86.21 and its 200 day moving average is $114.63. The stock has a market capitalization of $51.98 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.89 and a beta of 1.57.

SEA (NYSE:SE) last issued its earnings results 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 $0.77 by ($0.10). SEA had a return on equity of 15.20% and a net margin of 6.93%.The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Research analysts expect that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SE shares. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of SEA in a research report on Tuesday, March 3rd. Bank of America reiterated a “buy” rating and issued a $125.00 price target on shares of SEA in a research report on Monday, March 9th. Barclays decreased 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Sanford C. Bernstein decreased their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $161.66.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of SEA by 1.9% during the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock valued at $664,000 after purchasing an additional 98 shares during the period. Belpointe Asset Management LLC raised its position in shares of SEA by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock valued at $1,033,000 after purchasing an additional 103 shares during the period. 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 purchasing an additional 106 shares during the period. Cloud Capital Management LLC raised its position in shares of SEA by 8.0% during 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 during the period. Finally, SlateStone Wealth LLC raised its position in shares of SEA by 0.5% during the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after purchasing an additional 150 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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.