Gang Ye Sells 20,000 Shares of SEA (NYSE:SE) Stock

Key Points

• SEA COO Gang Ye sold 20,000 shares on September 3 at an average price of $113.33, generating $2.27 million. He retained 218,792 shares worth approximately $24.8 million, an 8.38% reduction in his direct holdings.
• Ye has made several additional sales since August 13, totaling hundreds of thousands of shares, indicating a sustained pattern of insider selling.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but earnings per share of $0.70 missed the $0.86 consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $149.11.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 20,000 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $113.33, for a total value of $2,266,600.00. Following the completion of the transaction, the chief operating officer directly owned 218,792 shares in the company, valued at approximately $24,795,697.36. This represents a 8.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.29, for a total transaction of $2,265,800.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The stock was 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 transaction of $2,350,000.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total transaction 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 value 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 value 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 shares were sold at an average price of $116.64, for a total transaction 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 stock was sold at an average price of $124.06, for a total value of $3,721,800.00.

SEA Trading Up 0.2%

SE stock opened at $113.08 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The company has a market capitalization of $69.10 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company's 50 day moving average price is $110.70 and its two-hundred day moving average price is $97.05. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $0.65 earnings per share. The firm's quarterly revenue was up 48.3% compared to the same quarter last year. As a group, analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of several recent research reports. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. TD Cowen restated a "hold" rating on shares of SEA in a report on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on shares of SEA from $168.00 to $163.00 and set an "overweight" rating on the stock in a research note on Thursday, May 14th. Benchmark upped their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $149.11.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SE. Zions Bancorporation National Association UT grew its holdings 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 worth $39,000 after purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock valued at $70,000 after purchasing an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of SEA by 102.5% during 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 purchasing an additional 573 shares during the last quarter. Independence Bank of Kentucky boosted its position 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 worth $123,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new stake in shares of SEA in the 4th quarter worth approximately $175,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

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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