Insider Selling: SEA (NYSE:SE) Insider Sells $95,870.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction on Monday, October 12th. The stock was sold at an average price of $95.87, for a total value of $95,870.00. Following the transaction, the insider directly owned 80,780 shares of the company’s stock, valued at $7,744,378.60. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.49, for a total transaction of $95,490.00.
  • On Friday, October 9th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.37, for a total transaction of $95,370.00.
  • On Wednesday, October 7th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $94.91, for a total transaction of $94,910.00.
  • On Monday, October 5th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.27, for a total transaction of $97,270.00.
  • On Friday, October 2nd, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.15, for a total transaction of $95,150.00.
  • On Wednesday, September 30th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.67, for a total transaction of $97,670.00.
  • On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $98.65, for a total transaction of $98,650.00.
  • On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.04, for a total transaction of $120,048.00.
  • On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.76, for a total transaction of $123,312.00.
  • 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.

SEA Trading Up 2.4%

Shares of SE opened at $97.57 on Friday. 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 1-year low of $77.05 and a 1-year high of $175.80. The stock has a market cap of $59.62 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The firm has a 50 day simple moving average of $108.11 and a 200-day simple moving average of $98.52.

SEA (NYSE:SE – Get Free Report) 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 analysts’ expectations 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 period in the previous year, the company posted $0.65 EPS. Equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently modified their holdings of the company. Grove Bank & Trust boosted its position in SEA by 53.9% during the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after acquiring an additional 215 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after acquiring an additional 174 shares during the last quarter. Independence Bank of Kentucky raised its holdings in SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after acquiring an additional 1,100 shares during the last quarter. Osbon Capital Management LLC acquired a new position in SEA in the 4th quarter valued at $175,000. Finally, HB Wealth Management LLC acquired a new position in SEA in the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SE. Benchmark boosted their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Barclays increased their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. TD Cowen reiterated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

Check Out Our Latest Report on SE

SEA Company Profile

(Get Free Report)

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.

Further Reading

Insider Buying and Selling by Quarter for SEA (NYSE:SE)

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