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 business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $115.92, for a total value of $2,318,400.00. Following the sale, the chief operating officer owned 408,792 shares in the company, valued at approximately $47,387,168.64. The trade was a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 stock was sold at an average price of $120.08, for a total value 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 transaction 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 transaction 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 transaction of $2,263,400.00.
• On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.62, for a total transaction of $2,272,400.00.
• On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $109.65, for a total transaction of $2,193,000.00.

SEA Stock Down 3.2%

NYSE:SE opened at $119.19 on Thursday. The firm has a market capitalization of $72.83 billion, a P/E ratio of 46.02, a PEG ratio of 1.23 and a beta of 1.54. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company’s fifty day moving average price is $107.81 and its 200-day moving average price is $96.85. 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 (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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently modified their holdings of SE. Zions Bancorporation National Association UT raised its holdings in SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC grew its holdings in SEA by 461.5% in the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after purchasing an additional 540 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Independence Bank of Kentucky raised its stake in shares of SEA by 611.1% during 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. Finally, Osbon Capital Management LLC acquired a new position in shares of SEA during the 4th quarter worth approximately $175,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on SE shares. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. JPMorgan Chase & Co. decreased their price target on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Barclays upped their price objective on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.90.

About SEA

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.