SEA (NYSE:SE) Insider Yanjun Wang Sells 1,200 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $102.76, for a total transaction of $123,312.00. Following the completion of the sale, the insider owned 95,180 shares of the company’s stock, valued at approximately $9,780,696.80. The trade was a 1.25% decrease in their position. The transaction 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, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.00, for a total transaction of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $101.55, for a total value of $121,860.00.
• On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $103.84, for a total value of $124,608.00.
• On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.32, for a total value of $162,480.00.
• On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $107.99, for a total transaction of $129,588.00.
• On Wednesday, September 9th, Yanjun Wang sold 1,320 shares of SEA stock. The stock was sold at an average price of $108.88, for a total transaction of $143,721.60.
• On Tuesday, September 8th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.75, for a total transaction of $169,125.00.
• On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.29, for a total value of $169,935.00.
• On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.48, for a total value of $168,720.00.
• On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.07, for a total value of $171,105.00.

SEA Stock Down 2.4%

SE opened at $100.84 on Friday. The firm has a market cap of $61.61 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The business has a 50 day moving average price of $111.24 and a 200 day moving average price of $97.18. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $193.48.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. Research analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SE. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Morgan Stanley reissued an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Barclays increased their target price on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Institutional Trading of SEA

Several institutional investors have recently modified their holdings of the company. Carrhae Capital LLP bought a new stake in shares of SEA during the second quarter valued at approximately $140,501,000. SG Americas Securities LLC lifted its position in SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares during the period. Charles Lim Capital Ltd boosted its stake in SEA by 172.7% during the fourth 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 in the last quarter. Baird Financial Group Inc. boosted its stake in SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after buying an additional 50,965 shares in the last quarter. Finally, Carmignac Gestion increased its holdings in SEA by 2.2% in the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after buying an additional 14,242 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.