SEA (NYSE:SE) Insider Sells 800 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the company’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $75.02, for a total transaction of $60,016.00. Following the completion of the transaction, the insider directly owned 65,580 shares of the company’s stock, valued at approximately $4,919,811.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, November 9th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $78.32, for a total value of $62,656.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $74.69, for a total value 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 value 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 value 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 transaction 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 transaction of $90,370.00.
• On Friday, October 16th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.43, for a total transaction of $95,430.00.

SEA Trading Up 3.0%

Shares of NYSE:SE opened at $78.02 on Tuesday. The company’s 50-day moving average price is $94.01 and its two-hundred day moving average price is $97.61. 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 Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.09. The stock has a market capitalization of $47.67 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business earned $0.65 EPS. SEA’s revenue was up 48.3% on a year-over-year basis. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 2.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SE shares. Arete Research upgraded SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, September 7th. Benchmark boosted their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Barclays upped their price target on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. Finally, TD Cowen reissued a “hold” rating and issued a $115.00 price objective (up from $100.00) on shares of SEA in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.73.

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.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.