Yanjun Wang Sells 800 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $79.63, for a total value of $63,704.00. Following the transaction, the insider directly owned 35,600 shares in the company, valued at approximately $2,834,828. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 23rd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $80.12, for a total value of $64,096.00.
• On Wednesday, March 18th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.10, for a total transaction of $68,080.00.

SEA Stock Up 1.3%

Shares of SE opened at $79.89 on Tuesday. The company’s 50-day simple moving average is $106.66 and its 200-day simple moving average is $137.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The stock has a market capitalization of $47.06 billion, a PE ratio of 31.70, a P/E/G ratio of 0.73 and a beta of 1.59.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on SE shares. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. Sanford C. Bernstein decreased their target price on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Wedbush lowered their target price on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Morgan Stanley set a $121.00 price target on SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Finally, Bank of America reaffirmed a “buy” rating and issued a $125.00 price target on shares of SEA in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.83.

Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently modified their holdings of SE. Lingohr Asset Management GmbH lifted its position in shares of SEA by 219.4% during the 3rd quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore’s stock worth $2,270,000 after purchasing an additional 8,724 shares during the last quarter. Andra AP fonden increased its holdings in SEA by 7.0% in the third quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after buying an additional 9,400 shares during the last quarter. Baird Financial Group Inc. raised its stake in SEA by 14.4% in the second quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after buying an additional 70,070 shares in the last quarter. Fred Alger Management LLC raised its stake in SEA by 22.1% in the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after buying an additional 521,782 shares in the last quarter. Finally, BNP Paribas lifted its holdings in SEA by 34.9% during the 2nd quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore’s stock worth $4,624,000 after buying an additional 7,480 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.