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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $115.92, for a total value of $2,318,400.00. Following the completion of the sale, the chief operating officer directly owned 408,792 shares of the company’s stock, valued at approximately $47,387,168.64. The trade was a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.18, for a total transaction of $2,343,600.00.
• On Wednesday, August 19th, Gang Ye sold 21,208 shares of SEA stock. The stock was sold at an average price of $117.98, for a total transaction of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $116.64, for a total transaction of $2,332,800.00.
• On Monday, August 17th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $120.08, for a total transaction of $3,602,400.00.
• On Thursday, August 13th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $124.06, for a total transaction of $3,721,800.00.
• On Tuesday, August 11th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $129.35, for a total transaction of $3,880,500.00.
• On Monday, August 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $114.59, for a total transaction of $2,291,800.00.
• On Friday, August 7th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.17, for a total transaction of $2,263,400.00.
• On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.62, for a total transaction of $2,272,400.00.
• On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $109.65, for a total value of $2,193,000.00.

SEA Trading Up 6.7%

SEA stock opened at $123.42 on Wednesday. The stock has a 50-day simple moving average of $107.25 and a 200 day simple moving average of $96.77. The stock has a market capitalization of $75.41 billion, a P/E ratio of 47.65, a PEG ratio of 1.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30.

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

Institutional Trading of SEA

A number of institutional investors have recently bought and sold shares of SE. California State Teachers Retirement System increased its holdings in shares of SEA by 9,247.9% during the second quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares during the period. Charles Lim Capital Ltd boosted its stake in shares of SEA by 172.7% in the fourth 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 period. Public Employees Retirement System of Ohio bought a new stake in shares of SEA in the second quarter valued at approximately $37,527,000. PFA Pension Forsikringsaktieselskab acquired a new stake in SEA during the fourth quarter worth approximately $26,282,000. Finally, State of Tennessee Department of Treasury grew its position in SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after buying an additional 175,746 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA News Roundup

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Brokerage recommendations continue to lean bullish on Sea Limited, with the average broker recommendation suggesting the stock could be added to portfolios. However, the reports caution that sell-side ratings can be overly optimistic and should not be viewed as a standalone buy signal. Brokers Suggest Investing in Sea Limited

Analysts Set New Price Targets

Several equities analysts have commented on SE shares. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Benchmark lifted their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. Finally, Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $151.90.

SEA Company Profile

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.