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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $84.28, for a total transaction of $842,800.00. Following the completion of the transaction, the chief operating officer owned 410,000 shares of the company’s stock, valued at $34,554,800. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 25th, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 Stock Performance

NYSE SE traded down $0.30 on Thursday, reaching $81.86. The stock had a trading volume of 686,027 shares, compared to its average volume of 5,842,792. The stock has a market cap of $48.22 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The business’s 50-day moving average price is $100.61 and its 200 day moving average price is $132.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58.

SEA (NYSE:SE) last announced its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The business 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 earned $0.39 earnings per share. The business’s revenue was up 38.4% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SE. Fred Alger Management LLC lifted its position in SEA by 22.1% in the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings in shares of 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 period. State of Tennessee Department of Treasury boosted its stake in shares of SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after buying an additional 175,746 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of SEA by 14.4% in the second quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after buying an additional 70,070 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on SE. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Bank of America restated a “buy” rating and issued a $125.00 price target on shares of SEA in a research report on Monday, March 9th. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Barclays lowered their target price on SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Finally, Sanford C. Bernstein dropped their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.83.

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.