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

Key Points

• Gang Ye, Sea Limited's COO, sold 10,000 shares on April 22 at an average price of $85.99 for about $859,900, leaving him with 270,000 shares valued at roughly $23.22 million (a 3.57% reduction in his holding).
• He made a string of identical 10,000-share dispositions between March 23 and April 22 — 11 transactions totaling 110,000 shares — signaling sustained insider selling over that period.
• SEA reported revenue up 38.4% to $6.85 billion but missed EPS expectations ($0.63 vs. $0.91); the stock was trading down ~3.5% and carries a consensus analyst rating of Moderate Buy with an average price target of $161.66.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $85.99, for a total value of $859,900.00. Following the completion of the transaction, the chief operating officer owned 270,000 shares of the company's stock, valued at $23,217,300. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.56, for a total value of $895,600.00.
• On Friday, April 17th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.15, for a total value of $921,500.00.
• On Wednesday, April 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.88, for a total value of $888,800.00.
• On Monday, April 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.39, for a total value of $843,900.00.
• On Friday, April 10th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.73, for a total value of $857,300.00.
• On Wednesday, April 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.71, for a total value of $867,100.00.
• On Monday, April 6th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $82.68, for a total value of $826,800.00.
• 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 value 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 value 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 value of $800,600.00.

SEA Trading Down 3.5%

Shares of SEA stock opened at $83.31 on Friday. The firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 0.87 and a beta of 1.69. 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 0.04, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a 50 day moving average of $90.97 and a 200 day moving average of $121.82.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The business had revenue of $6.85 billion during the quarter, compared to analysts' expectations of $6.42 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company's revenue was up 38.4% on a year-over-year basis. As a group, research analysts predict that Sea Limited Sponsored ADR will post 3.46 earnings per share for the current year.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its stake in SEA by 2,860.0% in the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore's stock valued at $27,000 after buying an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in SEA in the third quarter valued at $29,000. Rothschild Investment LLC raised its stake in SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore's stock valued at $36,000 after buying an additional 106 shares in the last quarter. Zions Bancorporation National Association UT raised its stake in SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock valued at $39,000 after buying an additional 259 shares in the last quarter. Finally, Holos Integrated Wealth LLC acquired a new stake in SEA in the fourth quarter valued at $44,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SE has been the topic of a number of research reports. Bank of America restated a "buy" rating and set a $125.00 price target on shares of SEA in a research note on Monday, March 9th. JPMorgan Chase & Co. decreased their price target on SEA from $170.00 to $168.00 and set an "overweight" rating on the stock in a research note on Monday. Weiss Ratings restated a "hold (c-)" rating on shares of SEA in a research note on Friday, March 27th. Sanford C. Bernstein decreased their price target on SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 4th. Finally, Morgan Stanley set a $121.00 price target on SEA and gave the stock an "overweight" rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $161.66.

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.

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