SEA (NYSE:SE) Insider Yanjun Wang Sells 1,000 Shares of Company Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $94.91, for a total value of $94,910.00. Following the completion of the transaction, the insider directly owned 84,780 shares in the company, valued at approximately $8,046,469.80. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 Friday, October 2nd, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.15, for a total transaction of $95,150.00.
• On Wednesday, September 30th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.67, for a total transaction of $97,670.00.
• On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $98.65, for a total transaction of $98,650.00.
• On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $100.04, for a total transaction of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.76, for a total transaction 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 transaction of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $101.55, for a total transaction 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 value 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 value of $162,480.00.

SEA Trading Down 1.9%

SEA stock opened at $92.83 on Friday. The business has a 50 day moving average price of $109.60 and a two-hundred day moving average price of $97.94. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $191.39. The stock has a market cap of $56.72 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SE. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Arete Research set a $152.00 price objective on SEA and gave the company a “buy” rating in a report on Monday, September 7th. TD Cowen reiterated a “hold” rating on shares of SEA in a research note on Monday, August 17th. Finally, Benchmark raised their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SE. Carrhae Capital LLP bought a new stake in shares of SEA during the second quarter worth $140,501,000. Charles Lim Capital Ltd raised its holdings 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. Public Employees Retirement System of Ohio acquired a new stake in shares of SEA in the second quarter valued at approximately $37,527,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in SEA during the 2nd quarter valued at $12,410,000. Finally, Nykredit A S acquired a new stake in shares of SEA during the 2nd quarter worth about $9,542,000. 59.53% of the stock is owned by institutional investors.

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.