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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $113.29, for a total transaction of $2,265,800.00. Following the completion of the transaction, the chief operating officer directly owned 258,792 shares of the company’s stock, valued at $29,318,545.68. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.82, for a total value of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.50, for a total value of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total value of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $115.92, for a total value of $2,318,400.00.
• 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 stock was sold at an average price of $124.06, for a total value 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 value of $3,880,500.00.

SEA Trading Up 0.1%

Shares of NYSE SE opened at $112.74 on Thursday. The business has a 50 day simple moving average of $110.22 and a 200 day simple moving average of $97.00. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The stock has a market cap of $68.89 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.13 and a beta of 1.51. 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 (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA’s revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. On average, research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in shares of SEA by 9,247.9% in 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 grew its holdings in 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 last quarter. Public Employees Retirement System of Ohio bought a new position in SEA in the 2nd quarter worth approximately $37,527,000. State of Tennessee Department of Treasury increased its position in SEA by 32.4% in 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 buying an additional 175,746 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of SEA during the second quarter worth approximately $12,410,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SE has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Barclays increased their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.11.

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.