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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $87.21, for a total value of $872,100.00. Following the completion of the transaction, the chief operating officer owned 150,000 shares in the company, valued at $13,081,500. This represents a 6.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 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.

SEA Stock Up 0.5%

Shares of SEA stock opened at $84.90 on Wednesday. The stock has a market capitalization of $51.88 billion, a P/E ratio of 33.43, a PEG ratio of 0.88 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $87.21 and a two-hundred day moving average price of $105.42. 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 earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Equities analysts expect that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Hedge funds have recently modified their holdings of the business. Rothschild Investment LLC boosted its position in shares of SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 106 shares during the period. Zions Bancorporation National Association UT boosted its position in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 259 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of SEA in the fourth quarter valued at approximately $44,000. Hillsdale Investment Management Inc. boosted its position in shares of SEA by 44.4% in the third quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after acquiring an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in shares of SEA by 461.5% in the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after acquiring an additional 540 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased their target price on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Barclays upped their target price on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Bank of America reaffirmed a “buy” rating and set a $125.00 target price on shares of SEA in a research report on Monday, March 9th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.54.

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.