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

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $74.31, for a total value of $59,448.00. Following the completion of the sale, the insider directly owned 63,180 shares of the company’s stock, valued at $4,694,905.80. This represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 9th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $78.32, for a total value of $62,656.00.
• On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $75.02, for a total value of $60,016.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $80.82, for a total value of $64,656.00.
• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $76.79, for a total value of $61,432.00.
• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.58, for a total value of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.69, for a total value of $59,752.00.
• On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $73.77, for a total value of $59,016.00.
• On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $76.33, for a total value of $61,064.00.
• On Tuesday, October 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $81.61, for a total value of $65,288.00.
• On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.37, for a total transaction of $90,370.00.

SEA Price Performance

Shares of SEA stock opened at $74.45 on Friday. The firm has a fifty day simple moving average of $91.74 and a 200-day simple moving average of $96.87. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 1-year low of $71.33 and a 1-year high of $148.26. The stock has a market capitalization of $45.49 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 0.76 and a beta of 1.58.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The firm had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior year, the company posted $0.59 earnings per share. SEA’s quarterly revenue was up 43.7% on a year-over-year basis. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SE. StoneX cut their target price on shares of SEA from $175.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday. Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Monday, September 7th. Benchmark boosted their price objective on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. TD Cowen cut their price objective on shares of SEA from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $134.67.

SEA News Summary

Here’s some of the latest news about SE:

• Positive Sentiment: Sea’s Shopee, Monee and Garena businesses are all growing at double-digit rates, according to a recent analysis. Why Sea Limited stock is falling
• Negative Sentiment: TD Cowen lowered its target to $90 from $100 and maintained a “hold” rating, adding to the pattern of analyst target cuts. TD Cowen ratings
• Negative Sentiment: Insider Yanjun Wang has made repeated small sales of 800 shares, including a reported sale at $75.02. This is a modest signal, given the size of the latest transaction and his remaining ownership. SEA insider trading

Institutional Trading of SEA

Institutional investors and hedge funds have recently modified their holdings of the company. Provenance Wealth Advisors LLC raised its stake in shares of SEA by 1,511.1% in the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 272 shares in the last quarter. Grove Bank & Trust lifted its position in SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after purchasing an additional 215 shares during the period. Cornerstone Planning Group LLC boosted its stake in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares in the last quarter. Allworth Financial LP boosted its stake in SEA by 28.5% during the third quarter. Allworth Financial LP now owns 1,168 shares of the Internet company based in Singapore’s stock worth $112,000 after buying an additional 259 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its stake in SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after buying an additional 1,100 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.