Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) COO Gang Ye sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $112.73, for a total value of $2,254,600.00. Following the completion of the sale, the chief operating officer directly owned 758,792 shares of the company’s stock, valued at $85,538,622.16. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Gang Ye also recently made the following trade(s):
- On Thursday, September 3rd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.33, for a total transaction of $2,266,600.00.
- 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 transaction of $2,265,800.00.
- On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.82, for a total transaction of $3,594,600.00.
- On Thursday, August 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $117.50, for a total transaction of $2,350,000.00.
- On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total transaction of $3,598,800.00.
- On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $115.92, for a total transaction of $2,318,400.00.
- On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $117.18, for a total transaction 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 shares were sold at an average price of $120.08, for a total value of $3,602,400.00.
SEA Trading Up 1.2%
NYSE SE opened at $113.48 on Wednesday. The firm has a market capitalization of $69.34 billion, a P/E ratio of 43.82, a PEG ratio of 1.12 and a beta of 1.51. The business has a fifty day simple moving average of $111.85 and a 200 day simple moving average of $97.11. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday. Barclays raised their price target on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $149.40.
Get Our Latest Stock Report on SE
Institutional Investors Weigh In On SEA
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capstone Capital Management Ltd bought a new position in SEA in the first quarter valued at $1,612,000. Ramirez Asset Management Inc. purchased a new position in shares of SEA in the 4th quarter worth about $3,560,000. Equitable Trust Co. increased its position in shares of SEA by 30.9% during the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock valued at $15,532,000 after purchasing an additional 44,252 shares during the last quarter. Charles Lim Capital Ltd raised its holdings in shares of SEA by 172.7% during 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 buying an additional 475,000 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in SEA by 18.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock worth $16,066,000 after buying an additional 26,498 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.
About SEA
Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.
Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.
Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.
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