SEA (NYSE:SE) COO Gang Ye Sells 30,000 Shares

Key Points

• SEA COO Gang Ye sold 30,000 shares at an average price of $119.96, generating approximately $3.6 million. After the transaction, he retained 378,792 shares valued at about $45.4 million.
• Ye has conducted multiple SEA stock sales in August, selling more than 240,000 shares across the reported transactions.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year, but earnings of $0.70 per share fell short of the $0.86 analyst consensus. Wall Street maintains a “Moderate Buy” rating with an average price target of $151.90.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 30,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $119.96, for a total value of $3,598,800.00. Following the completion of the transaction, the chief operating officer directly owned 378,792 shares in the company, valued at $45,439,888.32. This trade represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 value of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The stock was 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 stock was 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 shares were 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 transaction 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 stock was 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.

SEA Stock Performance

NYSE:SE opened at $119.19 on Thursday. The firm's fifty day simple moving average is $107.81 and its 200 day simple moving average is $96.85. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 1.23 and a beta of 1.54.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.16). The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm's revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. As a group, equities research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several institutional investors have recently added to or reduced their stakes in SE. California State Teachers Retirement System boosted its stake in SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore's stock valued at $3,802,336,000 after acquiring an additional 39,253,472 shares during the last quarter. SG Americas Securities LLC increased its position in shares of SEA by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock worth $135,999,000 after purchasing an additional 88,431 shares during the last quarter. Charles Lim Capital Ltd raised its stake in shares of SEA by 172.7% in the 4th 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. State of Tennessee Department of Treasury lifted its position in shares of SEA by 32.4% during 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 purchasing an additional 175,746 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in SEA during the second quarter valued at approximately $37,527,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SE shares. Jefferies Financial Group reiterated a "buy" rating on shares of SEA in a research note on Tuesday, May 12th. 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 note on Thursday, May 14th. Barclays boosted 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. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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