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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of SEA stock in a transaction on Friday, June 5th. The stock was sold at an average price of $87.21, for a total transaction of $872,100.00. Following the transaction, the chief operating officer directly owned 150,000 shares in the company, valued at approximately $13,081,500. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $90.47, for a total transaction of $904,700.00.
• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $96.16, for a total transaction of $961,600.00.
• On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.02, for a total transaction of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.47, for a total transaction of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.85, for a total transaction of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.35, for a total transaction of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.11, for a total transaction of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.60, for a total transaction of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $94.61, for a total transaction of $946,100.00.
• On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00.

SEA Trading Down 2.3%

Shares of NYSE:SE opened at $84.57 on Tuesday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $87.07 and its 200 day simple moving average is $105.84. The firm has a market cap of $51.68 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 0.90 and a beta of 1.57.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen raised their price objective on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Barclays lifted their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $155.54.

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Andra AP fonden increased its stake in shares of SEA by 7.0% during the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock worth $25,791,000 after purchasing an additional 9,400 shares during the last quarter. Fred Alger Management LLC increased its stake in shares of SEA by 22.1% during the 3rd 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 purchasing an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased 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 purchasing an additional 350,840 shares during the last quarter. Rathbones Group PLC increased its stake in shares of SEA by 78.6% during the 4th quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore’s stock worth $2,808,000 after purchasing an additional 9,688 shares during the last quarter. Finally, Ramirez Asset Management Inc. acquired a new position in shares of SEA during the 4th quarter worth about $3,560,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.