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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $102.01, for a total value of $2,040,200.00. Following the transaction, the chief operating officer directly owned 598,792 shares of the company’s stock, valued at approximately $61,082,771.92. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 16th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.11, for a total transaction of $2,082,200.00.
• On Monday, September 14th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $107.95, for a total transaction of $2,159,000.00.
• On Thursday, September 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $108.04, for a total value of $2,160,800.00.
• On Tuesday, September 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $112.73, for a total value of $2,254,600.00.
• On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.33, for a total value of $2,266,600.00.
• On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.29, for a total value of $2,265,800.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.82, for a total value of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $117.50, for a total value of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.96, for a total transaction of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $115.92, for a total transaction of $2,318,400.00.

SEA Stock Up 1.0%

Shares of NYSE:SE opened at $103.71 on Wednesday. The firm has a 50 day simple moving average of $111.51 and a 200-day simple moving average of $97.07. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $193.48. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $63.37 billion, a PE ratio of 40.04, a P/E/G ratio of 1.03 and a beta of 1.51.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $0.65 earnings per share. The company’s quarterly revenue was up 48.3% on a year-over-year basis. On average, equities analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several institutional investors have recently added to or reduced their stakes in the stock. Capstone Capital Management Ltd purchased a new position in shares of SEA in the 1st quarter valued at approximately $1,612,000. Ramirez Asset Management Inc. purchased a new stake in shares of SEA during the fourth quarter worth approximately $3,560,000. Equitable Trust Co. raised its stake in shares of SEA by 30.9% during the first quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock worth $15,532,000 after purchasing an additional 44,252 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of SEA by 18.8% during the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock worth $16,066,000 after purchasing an additional 26,498 shares during the period. Finally, Charles Lim Capital Ltd grew its position in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after buying an additional 475,000 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SE. TD Cowen reiterated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Arete Research set a $152.00 price target on SEA and gave the stock a “buy” rating in a research report on Monday, September 7th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, Barclays increased their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.40.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.