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 company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $113.33, for a total transaction of $2,266,600.00. Following the transaction, the chief operating officer owned 218,792 shares in the company, valued at $24,795,697.36. This represents a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 shares were 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 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 value 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 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 shares were 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 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.
• 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.

SEA Price Performance

Shares of NYSE:SE opened at $113.08 on Friday. The firm has a market cap of $69.10 billion, a price-to-earnings ratio of 43.66, a P/E/G ratio of 1.13 and a beta of 1.51. The firm has a fifty day moving average price of $110.70 and a 200 day moving average price of $97.05. 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 debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SE. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price target 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. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Barclays lifted their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.11.

Hedge Funds Weigh In On SEA

A number of large investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT lifted its holdings in SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 259 shares during the period. Cornerstone Planning Group LLC boosted its position in SEA by 26.5% during 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. Cullen Frost Bankers Inc. boosted its position in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after acquiring an additional 573 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of 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 valued at $123,000 after acquiring an additional 1,100 shares during the period. Finally, Osbon Capital Management LLC purchased a new position in shares of SEA in the 4th quarter valued at $175,000. Institutional investors 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.