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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of SEA stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $112.73, for a total value of $2,254,600.00. Following the completion of the transaction, the chief operating officer owned 758,792 shares in the company, valued at approximately $85,538,622.16. This represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.33, for a total value of $2,266,600.00.
• On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.29, for a total value of $2,265,800.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.82, for a total transaction of $3,594,600.00.
• On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $117.50, for a total transaction 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 transaction 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 shares were sold at an average price of $117.18, for a total value 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 value of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $116.64, for a total value 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 value of $3,602,400.00.

SEA Price Performance

Shares of SEA stock opened at $113.48 on Wednesday. The business has a 50 day moving average of $111.85 and a 200 day moving average of $97.11. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a market cap of $69.34 billion, a PE ratio of 43.82, a P/E/G ratio of 1.12 and a beta of 1.51. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm earned $0.65 EPS. The business’s revenue was up 48.3% on a year-over-year basis. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on SE shares. Arete Research set a $152.00 price objective on shares of SEA and gave the stock a “buy” rating in a report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. Benchmark boosted their price objective on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $149.40.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG raised its holdings in SEA by 1.8% in the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after buying an additional 115 shares during the last quarter. Cloud Capital Management LLC increased its position in shares of SEA by 8.0% during the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after acquiring an additional 148 shares in the last quarter. SlateStone Wealth LLC raised its holdings in SEA by 0.5% in the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after acquiring an additional 150 shares during the last quarter. GAMMA Investing LLC raised its holdings in SEA by 6.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after acquiring an additional 170 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after acquiring an additional 174 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.