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

Key Points

• SEA COO Gang Ye sold 20,000 shares at an average price of $115.92, generating $2.32 million. The sale reduced his holdings by 4.66% to 408,792 shares.
• Ye has conducted multiple SEA stock sales since August 3, totaling substantial proceeds over several transactions, indicating sustained insider selling.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but EPS of $0.70 missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $151.90.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 20,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $115.92, for a total transaction of $2,318,400.00. Following the transaction, the chief operating officer owned 408,792 shares of the company's stock, valued at $47,387,168.64. The trade was a 4.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 stock was 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 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 transaction 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 transaction of $3,721,800.00.
• On Tuesday, August 11th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $129.35, for a total value of $3,880,500.00.
• On Monday, August 10th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $114.59, for a total transaction of $2,291,800.00.
• On Friday, August 7th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.17, for a total transaction of $2,263,400.00.
• On Wednesday, August 5th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.62, for a total transaction of $2,272,400.00.
• On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $109.65, for a total transaction of $2,193,000.00.

SEA Price Performance

Shares of SE opened at $115.71 on Tuesday. The firm has a market cap of $70.70 billion, a PE ratio of 44.68, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-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. The business's 50 day moving average price is $106.52 and its two-hundred day moving average price is $96.65.

SEA (NYSE:SE - Get Free Report) last released its earnings results 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 analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The firm's revenue was up 48.3% on a year-over-year basis. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Trading of SEA

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in SEA by 9,247.9% during the second quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore's stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares during the last quarter. Charles Lim Capital Ltd increased its stake in shares of SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock valued at $95,678,000 after purchasing an additional 475,000 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of SEA during the second quarter valued at approximately $37,527,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of SEA in the 4th quarter worth approximately $26,282,000. Finally, State of Tennessee Department of Treasury grew its stake in shares of SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore's stock worth $83,750,000 after acquiring an additional 175,746 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

SE has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research report on Monday, July 20th. Barclays lifted their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Morgan Stanley reiterated an "overweight" rating and issued a $153.00 target price on shares of SEA in a report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price target on shares of SEA from $168.00 to $163.00 and set an "overweight" rating on the stock in a research report on Thursday, May 14th. Finally, Jefferies Financial Group restated a "buy" rating on shares of SEA in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $151.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source