SEA (NYSE:SE) Insider Yanjun Wang Sells 800 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of SEA stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $80.12, for a total value of $64,096.00. Following the completion of the transaction, the insider directly owned 34,800 shares in the company, valued at approximately $2,788,176. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, March 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $79.63, for a total transaction of $63,704.00.
• On Wednesday, March 18th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.10, for a total transaction of $68,080.00.

SEA Stock Up 1.3%

Shares of NYSE SE opened at $79.89 on Tuesday. The company has a market capitalization of $47.06 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. 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 0.04, a quick ratio of 1.57 and a current ratio of 1.58. The company’s 50 day moving average price is $106.66 and its 200-day moving average price is $137.77.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. Equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased 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. Wedbush cut their target price on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. Barclays lowered their target price on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price target on shares of SEA in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.83.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lingohr Asset Management GmbH boosted its position in shares of SEA by 219.4% during the 3rd quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore’s stock worth $2,270,000 after purchasing an additional 8,724 shares in the last quarter. Andra AP fonden grew its stake in shares of SEA by 7.0% in the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after buying an additional 9,400 shares during the period. Baird Financial Group Inc. increased its position in SEA by 14.4% in the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after buying an additional 70,070 shares in the last quarter. Fred Alger Management LLC raised its stake in SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares during the period. Finally, BNP Paribas raised its stake in SEA by 34.9% during the 2nd quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore’s stock worth $4,624,000 after buying an additional 7,480 shares during the period. 59.53% of the stock is owned by institutional investors.

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.