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 the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $113.33, for a total value of $2,266,600.00. Following the completion of the transaction, the chief operating officer directly owned 218,792 shares of the company’s stock, valued at $24,795,697.36. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value 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 value of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The shares were 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 stock was sold at an average price of $115.92, for a total transaction 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 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 stock was 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.

SEA Price Performance

Shares of NYSE:SE opened at $112.09 on Friday. The stock has a market cap of $68.49 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 1.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The stock’s 50 day moving average price is $111.11 and its 200 day moving average price is $97.15.

SEA (NYSE:SE) last issued its quarterly 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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT boosted its stake in 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 valued at $39,000 after purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC increased 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 worth $70,000 after buying an additional 174 shares during the period. Independence Bank of Kentucky increased its position in SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after buying an additional 1,100 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after buying an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new position in shares of SEA during the fourth quarter worth approximately $175,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Benchmark boosted their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company 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.