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

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $74.58, for a total transaction of $59,664.00. Following the sale, the insider owned 69,580 shares in the company, valued at approximately $5,189,276.40. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction 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 stock was 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 value of $90,370.00.
• On Friday, October 16th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.43, for a total value of $95,430.00.
• On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.49, for a total value of $95,490.00.
• On Monday, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.87, for a total value of $95,870.00.
• On Friday, October 9th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.37, for a total value of $95,370.00.
• On Wednesday, October 7th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $94.91, for a total value of $94,910.00.

SEA Price Performance

NYSE SE opened at $74.28 on Monday. The company has a market cap of $45.39 billion, a PE ratio of 28.68, a PEG ratio of 0.77 and a beta of 1.54. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $99.06 and its two-hundred day moving average price is $99.02. Sea Limited Sponsored ADR has a 1 year low of $71.53 and a 1 year high of $159.80.

SEA (NYSE:SE) last announced its earnings results 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 company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The company’s revenue was up 48.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, analysts predict that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Benchmark increased their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. JPMorgan Chase & Co. lowered their price target on SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Wall Street Zen cut SEA from a “buy” rating to a “hold” rating in a report on Sunday. Finally, New Street Research lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $140.91.

Institutional Trading of SEA

Institutional investors and hedge funds have recently modified their holdings of the stock. Carrhae Capital LLP purchased a new stake in shares of SEA in the second quarter valued at about $140,501,000. Public Employees Retirement System of Ohio bought a new position in SEA in the 2nd quarter valued at $37,527,000. Assenagon Asset Management S.A. raised its stake in shares of SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after purchasing an additional 251,517 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in SEA during the second quarter worth about $12,410,000. Finally, Trek Financial LLC purchased a new stake in SEA in the 3rd quarter worth about $11,844,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.