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

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $82.68, for a total transaction of $826,800.00. Following the completion of the transaction, the chief operating officer owned 390,000 shares in the company, valued at $32,245,200. This represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.28, for a total transaction of $842,800.00.
• 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 stock was sold at an average price of $80.06, for a total transaction of $800,600.00.
• On Friday, March 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.79, for a total transaction 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 transaction of $851,700.00.

SEA Price Performance

Shares of SE stock opened at $85.45 on Friday. 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 company has a market capitalization of $50.34 billion, a P/E ratio of 33.91, a P/E/G ratio of 0.79 and a beta of 1.69. The company’s 50-day simple moving average is $95.61 and its two-hundred day simple moving average is $128.56. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

SEA (NYSE:SE) last issued its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 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 the consensus estimate of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.SEA’s revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

SE has been the subject of several research reports. Bank of America reaffirmed a “buy” rating and issued a $125.00 price target on shares of SEA in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Barclays lowered their price target on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Sanford C. Bernstein lowered their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Finally, Wedbush lowered their price target on shares of SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.83.

Institutional Investors Weigh In On SEA

Several hedge funds have recently modified their holdings of the business. Woodline Partners LP purchased a new stake in SEA during the first quarter valued at approximately $4,028,000. BNP Paribas boosted its stake in SEA by 34.9% in the second quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore’s stock valued at $4,624,000 after acquiring an additional 7,480 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in SEA by 248.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after acquiring an additional 27,953 shares in the last quarter. Captrust Financial Advisors boosted its stake 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 valued at $4,348,000 after acquiring an additional 1,084 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake 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 valued at $86,880,000 after acquiring an additional 27,964 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.