SEA (NYSE:SE) COO Gang Ye Sells 10,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $84.28, for a total transaction of $842,800.00. Following the completion of the transaction, the chief operating officer directly owned 410,000 shares in the company, valued at approximately $34,554,800. This represents a 2.38% decrease in their position. The sale 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 Wednesday, March 25th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.60, for a total transaction of $806,000.00.
• On Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.06, for a total value of $800,600.00.
• On Friday, March 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $80.79, for a total value of $807,900.00.
• On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.17, for a total value of $851,700.00.

SEA Trading Down 0.0%

Shares of SE opened at $82.16 on Friday. 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 is $99.80 and its two-hundred day moving average is $132.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market cap of $48.40 billion, a PE ratio of 32.60, a P/E/G ratio of 0.76 and a beta of 1.69.

SEA (NYSE:SE) last posted its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The company had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. SEA’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its holdings in SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after buying an additional 143 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of SEA in the 3rd quarter valued at approximately $29,000. Rothschild Investment LLC increased its holdings in shares of SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 106 shares during the last quarter. Zions Bancorporation National Association UT raised its position in shares of 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 acquiring an additional 259 shares in the last quarter. Finally, Holos Integrated Wealth LLC bought a new position in SEA during the fourth quarter worth $44,000. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent research reports. Wedbush reduced their target price on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Barclays dropped their price target on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 target price on shares of SEA in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $166.83.

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.