SEA (NYSE:SE) Insider Yanjun Wang Sells 1,500 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $112.35, for a total transaction of $168,525.00. Following the completion of the sale, the insider directly owned 37,000 shares of the company’s stock, valued at approximately $4,156,950. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, July 10th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was 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 stock was 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 shares were 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 shares were 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 transaction of $92,590.00.
• On Thursday, June 25th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $90.22, for a total transaction of $90,220.00.
• On Wednesday, June 10th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $82.36, for a total transaction of $65,888.00.
• On Monday, June 8th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $84.39, for a total transaction of $67,512.00.
• On Friday, June 5th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $87.20, for a total transaction of $69,760.00.
• On Wednesday, June 3rd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $90.53, for a total value of $72,424.00.

SEA Trading Down 1.1%

Shares of NYSE:SE opened at $109.45 on Wednesday. The company has a market capitalization of $66.88 billion, a P/E ratio of 43.09, a P/E/G ratio of 1.07 and a beta of 1.55. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The business’s 50 day simple moving average is $92.74 and its 200 day simple moving average is $99.55.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. On average, research analysts anticipate that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SE. Barclays boosted their price target on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. TD Cowen lifted their price objective on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

SEA News Summary

Here are the key news stories impacting SEA this week:

• Neutral Sentiment: Several reports highlighted Sea Limited insider selling, including COO Gang Ye unloading shares through pre-arranged trading plans and another insider, Yanjun Wang, trimming a small stake. The sales were disclosed in SEC filings and appear to be routine, but they can still pressure the stock by raising concerns about insider confidence. Article Title
• Neutral Sentiment: Zacks and Yahoo Finance both ran pieces asking whether Sea Limited is a buy as Wall Street analysts remain optimistic. These articles reinforce that the stock still has analyst support, which may help offset some of the negative attention from insider transactions. Article Title
• Neutral Sentiment: A separate Zacks comparison of VTEX vs. SE focused on relative value rather than a company-specific catalyst, so it is unlikely to have a major immediate impact on Sea Limited shares. Article Title

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of SEA by 1.9% during the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after purchasing an additional 98 shares during the period. Cloud Capital Management LLC grew its stake in shares of SEA by 8.0% in the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after purchasing an additional 148 shares during the last quarter. SlateStone Wealth LLC increased its holdings in SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after purchasing an additional 150 shares during the period. Stonekeep Investments LLC increased its holdings in SEA by 5.6% in the fourth quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock valued at $403,000 after purchasing an additional 167 shares during the period. Finally, GAMMA Investing LLC raised its position in SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.