Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) COO Gang Ye sold 30,000 shares of SEA stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $119.82, for a total value of $3,594,600.00. Following the completion of the transaction, the chief operating officer owned 298,792 shares of the company’s stock, valued at approximately $35,801,257.44. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Gang Ye also recently made the following trade(s):
- On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.29, for a total value of $2,265,800.00.
- On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $117.50, for a total value of $2,350,000.00.
- On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.96, for a total value of $3,598,800.00.
- 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 stock was 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 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 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.
SEA Price Performance
NYSE SE opened at $112.74 on Thursday. The company has a 50-day moving average price of $110.22 and a two-hundred day moving average price of $97.00. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The stock has a market cap of $68.89 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.
Hedge Funds Weigh In On SEA
Large investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT raised 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 purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC grew its position in SEA by 461.5% in the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after buying an additional 540 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after buying an additional 573 shares during the last quarter. Independence Bank of Kentucky increased its holdings in shares of SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after buying an additional 1,100 shares in the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in shares of SEA during the 4th quarter valued at $175,000. Institutional investors own 59.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SE. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two 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 an average target price of $149.11.
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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