SEA (NYSE:SE) COO Gang Ye Sells 20,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $112.62, for a total transaction of $2,252,400.00. Following the completion of the sale, the chief operating officer owned 400,000 shares in the company, valued at $45,048,000. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 shares were 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 value 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 value 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 value of $895,800.00.
• On Wednesday, June 24th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.80, for a total value of $928,000.00.
• On Monday, June 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.70, for a total value of $897,000.00.
• On Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $91.57, for a total value of $915,700.00.
• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.26, for a total transaction of $872,600.00.

SEA Price Performance

NYSE:SE opened at $111.03 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The firm has a market cap of $67.84 billion, a price-to-earnings ratio of 43.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55. The company has a 50 day moving average price of $92.24 and a 200-day moving average price of $99.67. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last announced its quarterly 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 firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business’s quarterly revenue was up 46.6% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. Equities research analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT grew its stake in SEA by 539.6% during 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 acquiring an additional 259 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in SEA in the 4th quarter worth approximately $44,000. Cornerstone Planning Group LLC lifted its stake in SEA by 461.5% in the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after purchasing an additional 540 shares in the last quarter. Oarsman Capital Inc. acquired a new position in shares of SEA during the 3rd quarter worth approximately $201,000. Finally, Cullen Frost Bankers Inc. grew its position in shares of SEA by 102.5% in 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 purchasing an additional 573 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Barclays boosted their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. lowered their price target on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.