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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of SEA stock in a transaction on Monday, June 29th. The shares were sold at an average price of $92.63, for a total transaction of $926,300.00. Following the completion of the sale, the chief operating officer directly owned 570,000 shares in the company, valued at $52,799,100. This represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.58, for a total transaction 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 transaction 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 transaction 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 transaction 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.
• On Friday, June 12th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.76, for a total transaction of $837,600.00.
• On Wednesday, June 10th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $82.51, for a total transaction of $825,100.00.
• On Monday, June 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.33, for a total value of $843,300.00.
• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.21, for a total value of $872,100.00.
• 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.

SEA Stock Performance

NYSE SE opened at $95.72 on Wednesday. The company has a market cap of $58.49 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 0.97 and a beta of 1.57. The stock’s 50 day simple moving average is $88.58 and its 200-day simple moving average is $100.77. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 3.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley set a $121.00 price objective on SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Bank of America reaffirmed a “buy” rating and issued a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Barclays increased their price target on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Finally, TD Cowen upped their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SE. Fred Alger Management LLC boosted its position in shares of SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares during the period. Charles Lim Capital Ltd grew 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in SEA during the 4th quarter worth about $26,282,000. Finally, State of Tennessee Department of Treasury lifted its stake in SEA by 32.4% during the 4th 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 acquiring an additional 175,746 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.