SEA (NYSE:SE) Insider Sells $95,150.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $95.15, for a total value of $95,150.00. Following the completion of the sale, the insider directly owned 87,780 shares of the company’s stock, valued at approximately $8,352,267. This represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 5th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.27, for a total value of $97,270.00.
• On Wednesday, September 30th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $97.67, for a total value of $97,670.00.
• On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $98.65, for a total value of $98,650.00.
• On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.04, for a total value of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.76, for a total value of $123,312.00.
• On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.00, for a total value of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $101.55, for a total value of $121,860.00.
• On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $103.84, for a total transaction of $124,608.00.
• On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $108.32, for a total transaction of $162,480.00.
• On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.99, for a total transaction of $129,588.00.

SEA Trading Down 2.1%

SEA stock opened at $94.53 on Thursday. The firm’s 50-day moving average is $109.87 and its 200-day moving average is $97.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $193.48. The company has a market cap of $57.76 billion, a P/E ratio of 36.50, a PEG ratio of 0.98 and a beta of 1.54.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The company’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. On average, equities analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Several hedge funds have recently modified their holdings of SE. Park National Corp OH lifted its holdings in shares of SEA by 41.4% in the third quarter. Park National Corp OH now owns 3,062 shares of the Internet company based in Singapore’s stock valued at $298,000 after buying an additional 897 shares during the period. QRG Capital Management Inc. grew its holdings in SEA by 15.7% during the second quarter. QRG Capital Management Inc. now owns 24,423 shares of the Internet company based in Singapore’s stock worth $2,340,000 after acquiring an additional 3,313 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in SEA by 14.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,579 shares of the Internet company based in Singapore’s stock worth $918,000 after acquiring an additional 1,182 shares in the last quarter. MCF Advisors LLC raised its position in SEA by 129.6% in the second quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock worth $495,000 after acquiring an additional 2,917 shares in the last quarter. Finally, Whetstone Capital Advisors LLC acquired a new stake in SEA in the 2nd quarter valued at about $8,191,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the topic of a number of research reports. Benchmark increased their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday, August 17th. Finally, Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.