SEA (NYSE:SE) COO Sells $2,291,800.00 in Stock

Key Points

• SEA COO Gang Ye sold 20,000 shares at an average price of $114.59, generating $2.29 million and reducing his holdings by 4.17% to 460,000 shares. The sale followed a series of similar 20,000-share disposals since July 13.
• SEA shares opened at $114.81, with a $70.15 billion market capitalization and a price-to-earnings ratio of 45.20. The stock remains below its 52-week high of $199.30 but above its 52-week low of $77.05.
• The company’s latest quarterly revenue rose 46.6% year over year to $7.10 billion, exceeding estimates, although EPS of $0.67 missed expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $154.81.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 20,000 shares of SEA stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $114.59, for a total transaction of $2,291,800.00. Following the completion of the transaction, the chief operating officer owned 460,000 shares of the company's stock, valued at $52,711,400. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $106.76, for a total transaction of $2,135,200.00.
• On Wednesday, July 29th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $108.41, for a total transaction of $2,168,200.00.
• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $105.20, for a total transaction of $2,104,000.00.
• On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $106.62, for a total transaction of $2,132,400.00.
• On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.69, for a total value of $2,073,800.00.
• On Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $99.91, for a total value of $1,998,200.00.
• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $112.62, for a total value of $2,252,400.00.

SEA Price Performance

Shares of NYSE SE opened at $114.81 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The stock has a market cap of $70.15 billion, a PE ratio of 45.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54. The stock has a fifty day moving average of $99.67 and a 200-day moving average of $96.63.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business's revenue for the quarter was up 46.6% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

SE has been the subject of a number of analyst reports. Jefferies Financial Group restated a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. Barclays upped their target price on shares of SEA from $120.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, May 14th. JPMorgan Chase & Co. lowered 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. Zacks Research raised shares of SEA from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. Finally, TD Cowen reduced their price target on shares of SEA from $108.00 to $100.00 and set a "hold" rating for the company in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.81.

Institutional Investors Weigh In On SEA

Several hedge funds have recently bought and sold shares of the stock. Zions Bancorporation National Association UT increased its holdings in shares of SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 259 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore's stock worth $83,000 after acquiring an additional 540 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock worth $144,000 after acquiring an additional 573 shares during the last quarter. Osbon Capital Management LLC purchased a new position in SEA in the fourth quarter worth $175,000. Finally, Cloud Capital Management LLC grew its position in SEA by 8.0% in the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore's stock worth $255,000 after acquiring an additional 148 shares in the last quarter. 59.53% of the stock is currently owned by 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.

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