Gang Ye Sells 30,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 30,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $119.96, for a total transaction of $3,598,800.00. Following the sale, the chief operating officer directly owned 378,792 shares in the company, valued at $45,439,888.32. This trade represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 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 stock was 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 shares were 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.
• On Monday, August 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $114.59, for a total value of $2,291,800.00.
• On Friday, August 7th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.17, for a total value of $2,263,400.00.
• On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.62, for a total value of $2,272,400.00.

SEA Stock Down 3.2%

SE stock opened at $119.19 on Thursday. The stock has a market cap of $72.83 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.54. The firm’s 50-day simple moving average is $107.81 and its 200 day simple moving average is $96.85. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. 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 posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm 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 company posted $0.65 EPS. SEA’s revenue for the quarter was up 48.3% on a year-over-year basis. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays boosted their price target on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. TD Cowen restated a “hold” rating on shares of SEA in a research note on Monday, August 17th. JPMorgan Chase & Co. reduced their price objective on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Morgan Stanley reissued an “overweight” rating and set a $153.00 target price on shares of SEA in a research note on Thursday, August 13th. Finally, Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.90.

Hedge Funds Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Woodline Partners LP bought a new stake in shares of SEA in the 1st quarter worth approximately $4,028,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after buying an additional 27,953 shares in the last quarter. Captrust Financial Advisors grew its position in SEA by 4.2% in the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after buying an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury grew its position in SEA by 5.4% in the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock worth $86,880,000 after buying an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc increased its holdings in shares of SEA by 21.1% in the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after buying an additional 2,121 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.