Insider Selling: SEA (NYSE:SE) Insider Sells $60,016.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $75.02, for a total value of $60,016.00. Following the completion of the transaction, the insider directly owned 65,580 shares of the company’s stock, valued at $4,919,811.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, November 11th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.31, for a total transaction of $59,448.00.
• On Monday, November 9th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $78.32, for a total transaction of $62,656.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $80.82, for a total value of $64,656.00.
• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $76.79, for a total value of $61,432.00.
• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.58, for a total value of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00.
• On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 transaction of $61,064.00.
• On Tuesday, October 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 stock was sold at an average price of $90.37, for a total value of $90,370.00.

SEA Price Performance

SE stock opened at $74.45 on Friday. The stock’s fifty day simple moving average is $91.74 and its 200-day simple moving average is $96.87. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 52-week low of $71.33 and a 52-week high of $148.26. The stock has a market capitalization of $45.49 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.58.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The company had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same period in the prior year, the business posted $0.59 earnings per share. SEA’s revenue was up 43.7% on a year-over-year basis. Equities research analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Carrhae Capital LLP bought a new stake in shares of SEA in the 2nd quarter valued at approximately $140,501,000. Public Employees Retirement System of Ohio acquired a new stake in SEA during the second quarter worth about $37,527,000. Assenagon Asset Management S.A. lifted its holdings in SEA by 80.6% in the third 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 acquiring an additional 251,517 shares during the last quarter. Matthews International Capital Management LLC bought a new position in shares of SEA during the third quarter valued at approximately $13,752,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SEA during the 2nd quarter worth approximately $12,410,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StoneX reduced their price objective on SEA from $175.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. JPMorgan Chase & Co. reduced their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Thursday. Finally, Jefferies Financial Group cut their price target on SEA from $164.00 to $142.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.67.

Key SEA News

Investors following SE have been watching these news items:

• Positive Sentiment: Sea’s Shopee, Monee and Garena businesses are all growing at double-digit rates, according to a recent analysis. Why Sea Limited stock is falling
• Negative Sentiment: Recent quarterly EPS of $0.78 missed the $0.99 consensus, despite revenue of $8.58 billion beating estimates and growing about 44% year over year. The profit shortfall may be overshadowing strong sales growth. Monee’s reported increase in credit-loss provisions also raises questions about lending risk and margins.
• Negative Sentiment: TD Cowen lowered its target to $90 from $100 and maintained a “hold” rating, adding to the pattern of analyst target cuts. TD Cowen ratings

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.