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 SEA stock in a transaction on Monday, August 10th. The stock was sold at an average price of $114.58, for a total transaction of $171,870.00. Following the sale, the insider directly owned 10,000 shares of the company’s stock, valued at approximately $1,145,800. This trade represents a 13.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, August 7th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.00, for a total value of $169,500.00.
• On Wednesday, August 5th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.27, for a total value of $169,905.00.
• On Monday, August 3rd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $109.81, for a total value of $164,715.00.
• On Thursday, July 30th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $105.39, for a total value of $126,468.00.
• On Wednesday, July 29th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.70, for a total value of $163,050.00.
• On Monday, July 20th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $106.50, for a total value of $127,800.00.
• On Monday, July 27th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $104.08, for a total value of $124,896.00.
• On Friday, July 24th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $99.65, for a total value of $119,580.00.
• On Monday, July 13th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.35, for a total value of $168,525.00.
• 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 value of $169,995.00.

SEA Price Performance

SE stock opened at $114.81 on Tuesday. The business has a 50 day moving average price of $99.67 and a 200 day moving average price of $96.63. 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 stock has a market cap of $70.15 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 1.09 and a beta of 1.54. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

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 the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SE shares. TD Cowen lowered their target price on shares of SEA from $108.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.81.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Woodline Partners LP purchased a new stake in shares of SEA in the first quarter valued at about $4,028,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after buying an additional 27,953 shares during the last quarter. Captrust Financial Advisors increased its position in SEA by 4.2% in the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after acquiring an additional 1,084 shares during the period. State of Tennessee Department of Treasury increased its position in SEA by 5.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after acquiring an additional 27,964 shares during the period. Finally, Morse Asset Management Inc raised its stake in SEA by 21.1% during the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after acquiring an additional 2,121 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.