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 stock in a transaction on Monday, April 6th. The shares were sold at an average price of $82.68, for a total value of $826,800.00. Following the sale, the chief operating officer owned 390,000 shares in the company, valued at approximately $32,245,200. This trade represents a 2.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.28, for a total value of $842,800.00.
• On Wednesday, March 25th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.60, for a total value of $806,000.00.
• On Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.06, for a total value of $800,600.00.
• On Friday, March 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.79, for a total value of $807,900.00.
• On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.17, for a total value of $851,700.00.

SEA Trading Down 1.0%

Shares of SE stock opened at $81.46 on Wednesday. The firm has a 50-day moving average price of $97.16 and a 200 day moving average price of $129.17. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The company has a market capitalization of $47.99 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.76 and a beta of 1.69. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SE) last announced its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SE shares. Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Sanford C. Bernstein cut their price target on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of SEA in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Finally, Morgan Stanley set a $121.00 price target on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its holdings in SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after acquiring an additional 143 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of SEA during the 3rd quarter worth $29,000. Rothschild Investment LLC increased its holdings in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT increased its holdings in shares of 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 worth $39,000 after buying an additional 259 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of SEA during the 4th quarter worth $44,000. 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.