SEA (NYSE:SE) Insider Sells $129,420.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $107.85, for a total transaction of $129,420.00. Following the sale, the insider directly owned 40,000 shares of the company’s stock, valued at approximately $4,314,000. This trade represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 6th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was 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 transaction of $72,424.00.
• On Monday, June 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $96.11, for a total value of $76,888.00.
• On Thursday, May 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $91.98, for a total value of $73,584.00.

SEA Price Performance

NYSE:SE opened at $110.87 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $67.74 billion, a P/E ratio of 43.65, a P/E/G ratio of 1.07 and a beta of 1.55. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The business’s 50-day moving average is $91.72 and its 200 day moving average is $99.78.

SEA (NYSE:SE) last announced 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). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the company posted $0.65 earnings per share. SEA’s quarterly revenue was up 46.6% on a year-over-year basis. On average, equities research analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SE. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Barclays lifted their price objective on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. TD Cowen boosted their target price on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.54.

Hedge Funds Weigh In On SEA

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB lifted its position in SEA by 18.8% in the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock worth $16,066,000 after buying an additional 26,498 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in SEA during the second quarter valued at $215,000. GAMMA Investing LLC increased its position in SEA by 6.6% during the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after acquiring an additional 170 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of SEA by 195.7% in the second quarter. Versant Capital Management Inc now owns 2,561 shares of the Internet company based in Singapore’s stock valued at $245,000 after acquiring an additional 1,695 shares during the period. Finally, Rathbones Group PLC raised its stake in shares of SEA by 39.7% in the first quarter. Rathbones Group PLC now owns 30,750 shares of the Internet company based in Singapore’s stock valued at $2,546,000 after acquiring an additional 8,735 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.