Insider Selling: SEA (NYSE:SE) Insider Sells $127,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $106.50, for a total value of $127,800.00. Following the completion of the sale, the insider owned 30,100 shares in the company, valued at approximately $3,205,650. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yanjun Wang also recently made the following trade(s):

• On Wednesday, July 29th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.70, for a total value of $163,050.00.
• On Monday, July 27th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $104.08, for a total value of $124,896.00.
• On Friday, July 24th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $99.65, for a total value of $119,580.00.
• On Monday, July 13th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.35, for a total value of $168,525.00.
• On Friday, July 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.33, for a total transaction of $169,995.00.
• On Thursday, July 9th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $107.85, for a total transaction of $129,420.00.
• On Monday, July 6th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $104.67, for a total transaction of $125,604.00.
• On Wednesday, July 1st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $100.60, for a total transaction of $120,720.00.
• On Monday, June 29th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $92.59, for a total value of $92,590.00.
• On Thursday, June 25th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.22, for a total value of $90,220.00.

SEA Stock Down 2.0%

Shares of SE opened at $106.23 on Friday. The business’s fifty day moving average price is $96.70 and its two-hundred day moving average price is $97.27. The firm has a market capitalization of $64.91 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.04 and a beta of 1.55. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. 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 (NYSE:SE) last released its earnings results 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 firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s revenue was up 46.6% compared to the same quarter last year. On average, analysts predict that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Lim Capital Ltd raised its stake in shares of 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 during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of SEA during the fourth quarter worth about $26,282,000. State of Tennessee Department of Treasury grew its holdings in shares of SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after buying an additional 175,746 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of SEA by 5.7% during the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after buying an additional 88,431 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. TD Cowen boosted their price target on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. JPMorgan Chase & Co. decreased their target price on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Barclays increased their price target on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.54.

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.