SEA (NYSE:SE) COO Gang Ye Sells 10,000 Shares of Stock
by Amy Steele · The Cerbat GemSea Limited Sponsored ADR (NYSE:SE – Get Free Report) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $89.47, for a total value of $894,700.00. Following the transaction, the chief operating officer owned 230,000 shares in the company, valued at $20,578,100. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Gang Ye also recently made the following trade(s):
- On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.02, for a total value of $920,200.00.
- On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.85, for a total value of $878,500.00.
- On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.35, for a total value of $863,500.00.
- On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.11, for a total value of $881,100.00.
- On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.60, for a total value of $886,000.00.
- On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $94.61, for a total value of $946,100.00.
- On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.78, for a total value of $867,800.00.
- On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.67, for a total value of $836,700.00.
- On Wednesday, May 6th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.39, for a total value of $883,900.00.
- On Monday, May 4th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.75, for a total value of $857,500.00.
SEA Stock Down 1.5%
SEA stock opened at $92.01 on Friday. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock has a 50 day moving average of $85.73 and a two-hundred day moving average of $108.54. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $56.22 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 0.96 and a beta of 1.57.
SEA (NYSE:SE – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share 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 for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s revenue was up 46.6% compared to the same quarter last year. As a group, research analysts expect that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.
Hedge Funds Weigh In On SEA
Several hedge funds have recently bought and sold shares of SE. Fred Alger Management LLC increased its stake in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd increased its stake in 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. OVERSEA CHINESE BANKING Corp Ltd increased its stake in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in SEA in the 4th quarter valued at approximately $26,282,000. Finally, State of Tennessee Department of Treasury increased its stake in SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SE has been the subject of a number of recent research reports. Barclays increased their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. TD Cowen increased their price objective on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Morgan Stanley set a $121.00 price target on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Finally, Sanford C. Bernstein reduced their price target on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.54.
Check Out Our Latest Stock Analysis on SEA
SEA News Summary
Here are the key news stories impacting SEA this week:
- Positive Sentiment: Barclays reiterated an Overweight rating on Sea Limited and increased its price target, which may reinforce investor confidence in the stock’s longer-term upside. Sea Limited (SE) Outlook Strengthens as Barclays Maintains Overweight Rating
- Neutral Sentiment: Insider Jingye Chen sold 800 shares at about $91.98, a very small reduction relative to his overall holdings, which is unlikely to materially change the investment story. SEC filing for Jingye Chen sale
- Neutral Sentiment: Insider Yanjun Wang sold 800 shares at about $91.98, another routine insider transaction that appears small compared with the company’s overall share count. SEC filing for Yanjun Wang sale
- Neutral Sentiment: COO Gang Ye sold 10,000 shares at around $92, which is a larger transaction, but it still reflects a partial trim rather than a major exit and may be viewed as routine profit-taking. SEC filing for Gang Ye sale
- Negative Sentiment: Additional insider sales by Yanjun Wang, Jingye Chen, and Gang Ye on May 26 and May 28 may create some caution among investors because insider selling can sometimes signal limited near-term upside. SEC filing for insider sales
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.
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