Key Points
- Sea Limited COO Gang Ye sold 10,000 shares on June 12 at an average price of $83.76, totaling $837,600. After the sale, he still owned 100,000 shares, and the trade reduced his stake by 9.09%.
- Ye has been a consistent seller of SEA stock in recent weeks, with multiple 10,000-share sales reported across late May and June at prices ranging from about $82.51 to $96.16 per share.
- SEA shares opened at $86.95, and the company recently reported strong revenue growth of 46.6% year over year to $7.10 billion, though EPS of $0.67 missed estimates. Analysts still view the stock as a Moderate Buy with a consensus price target of $155.54.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) COO Gang Ye sold 10,000 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $83.76, for a total transaction of $837,600.00. Following the transaction, the chief operating officer directly owned 100,000 shares of the company's stock, valued at approximately $8,376,000. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Gang Ye also recently made the following trade(s):
- On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.26, for a total transaction of $872,600.00.
- On Wednesday, June 10th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $82.51, for a total transaction of $825,100.00.
- On Monday, June 8th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $84.33, for a total transaction of $843,300.00.
- On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.21, for a total transaction of $872,100.00.
- On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $90.47, for a total transaction of $904,700.00.
- On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $96.16, for a total transaction of $961,600.00.
- On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.02, for a total transaction of $920,200.00.
- On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.47, for a total transaction of $894,700.00.
- On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.85, for a total transaction of $878,500.00.
- On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.35, for a total transaction of $863,500.00.
SEA Stock Performance
Shares of NYSE:SE opened at $86.95 on Wednesday. The company has a market cap of $53.13 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The company has a 50-day moving average price of $87.54 and a 200-day moving average price of $103.70. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.
SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results 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). SEA had a return on equity of 14.12% and a net margin of 6.41%.The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the company earned $0.65 earnings per share. SEA's quarterly revenue was up 46.6% on a year-over-year basis. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.
Hedge Funds Weigh In On SEA
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its stake in shares of SEA by 1.9% during the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore's stock valued at $664,000 after purchasing an additional 98 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore's stock valued at $36,000 after purchasing an additional 106 shares in the last quarter. Cloud Capital Management LLC increased its stake in shares of SEA by 8.0% during the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore's stock valued at $255,000 after purchasing an additional 148 shares in the last quarter. SlateStone Wealth LLC increased its stake in shares of SEA by 0.5% during the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore's stock valued at $3,967,000 after purchasing an additional 150 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of SEA by 9.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the Internet company based in Singapore's stock valued at $328,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 59.53% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on SE shares. Weiss Ratings reissued a "hold (c-)" rating on shares of SEA in a research note on Friday, March 27th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an "overweight" rating in a research note on Friday, March 13th. TD Cowen increased their price target on shares of SEA from $100.00 to $108.00 and gave the stock a "hold" rating in a research note on Wednesday, May 13th. Jefferies Financial Group reissued a "buy" rating on shares of SEA in a research note on Tuesday, May 12th. Finally, Sanford C. Bernstein decreased their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $155.54.
Check Out Our Latest Report on SE
About SEA
(
Get Free Report)
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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