Insider Selling: SEA (NYSE:SE) Insider Sells $70,448.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $88.06, for a total transaction of $70,448.00. Following the completion of the sale, the insider owned 14,000 shares in the company, valued at approximately $1,232,840. This trade represents a 5.41% decrease in their ownership of the stock. The transaction 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 Friday, May 15th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $88.58, for a total transaction of $70,864.00.
• On Wednesday, May 13th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $94.63, for a total value of $75,704.00.
• On Monday, May 11th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $83.74, for a total value of $66,992.00.
• On Friday, May 8th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $86.79, for a total value of $69,432.00.
• On Wednesday, May 6th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $88.38, for a total value of $70,704.00.
• On Monday, May 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.75, for a total value of $68,600.00.
• On Friday, May 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $86.13, for a total value of $68,904.00.
• On Wednesday, April 29th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $83.31, for a total value of $66,648.00.
• On Monday, April 27th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.92, for a total value of $68,736.00.
• On Friday, April 24th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $84.58, for a total transaction of $67,664.00.

SEA Trading Down 1.5%

SE stock opened at $87.01 on Wednesday. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock has a market capitalization of $53.17 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $85.50 and its two-hundred day simple moving average is $111.80.

SEA (NYSE:SE) last released its quarterly earnings results 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 firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SE. Barclays upped their target price 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 restated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Sanford C. Bernstein cut their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Bank of America reiterated a “buy” rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fred Alger Management LLC increased its holdings 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 purchasing an additional 521,782 shares during the period. Charles Lim Capital Ltd lifted 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 worth $95,678,000 after buying an additional 475,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of SEA during the 4th quarter worth $26,282,000. Finally, State of Tennessee Department of Treasury increased its stake in shares of SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after buying an additional 175,746 shares during the period. Institutional investors 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.