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 dated Friday, August 21st. The shares were sold at an average price of $117.74, for a total value of $176,610.00. Following the completion of the transaction, the insider directly owned 26,100 shares in the company, valued at $3,073,014. This represents a 5.43% decrease in their ownership of the stock. 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, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $115.93, for a total transaction of $173,895.00.
• On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.90, for a total transaction of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.88, for a total transaction of $179,820.00.
• On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $122.24, for a total transaction of $183,360.00.
• On Wednesday, August 12th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $128.66, for a total transaction of $192,990.00.
• On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.58, for a total transaction of $171,870.00.
• 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 transaction of $169,500.00.
• On Wednesday, August 5th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.27, for a total transaction of $169,905.00.
• On Monday, August 3rd, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $109.81, for a total transaction of $164,715.00.
• On Thursday, July 30th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $105.39, for a total value of $126,468.00.

SEA Trading Up 6.7%

NYSE:SE opened at $123.42 on Wednesday. The business’s 50-day moving average is $107.25 and its two-hundred day moving average is $96.77. The firm has a market capitalization of $75.41 billion, a PE ratio of 47.65, a price-to-earnings-growth ratio of 1.16 and a beta of 1.54. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

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

Analyst Upgrades and Downgrades

SE has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a report on Thursday, August 13th. Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Finally, Benchmark raised their target price on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.90.

SEA News Roundup

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Brokerage recommendations continue to lean bullish on Sea Limited, with the average broker recommendation suggesting the stock could be added to portfolios. However, the reports caution that sell-side ratings can be overly optimistic and should not be viewed as a standalone buy signal. Brokers Suggest Investing in Sea Limited

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT raised its stake in shares of SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after buying an additional 174 shares during the last quarter. Independence Bank of Kentucky increased its holdings in SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after buying an additional 1,100 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new position in SEA during the 4th quarter worth approximately $175,000. 59.53% of the stock is 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.