SEA (NYSE:SE) Insider Yanjun Wang 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 dated Monday, November 2nd. The shares were sold at an average price of $76.79, for a total value of $61,432.00. Following the completion of the sale, the insider directly owned 68,780 shares of the company’s stock, valued at approximately $5,281,616.20. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were 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 stock was 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 transaction of $65,288.00.
• On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were 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.
• On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.49, for a total transaction of $95,490.00.
• On Monday, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.87, for a total transaction of $95,870.00.
• On Friday, October 9th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.37, for a total transaction of $95,370.00.

SEA Price Performance

Shares of NYSE:SE opened at $80.22 on Thursday. Sea Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.80. The stock has a market capitalization of $49.01 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 0.79 and a beta of 1.58. The company has a 50-day simple moving average of $96.58 and a 200-day simple moving average of $98.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. On average, analysts predict that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Carrhae Capital LLP purchased a new stake in SEA during the second quarter worth $140,501,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in SEA by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock valued at $120,826,000 after purchasing an additional 52,660 shares during the last quarter. Baird Financial Group Inc. grew its holdings in SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after purchasing an additional 50,965 shares during the last quarter. Carmignac Gestion grew its holdings in SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after purchasing an additional 14,242 shares during the last quarter. Finally, National Pension Service increased its position in shares of SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after buying an additional 54,819 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SE. Morgan Stanley reissued an “overweight” rating and set a $153.00 price target on shares of SEA in a report on Thursday, August 13th. JPMorgan Chase & Co. dropped their target price on SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Barclays boosted their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. TD Cowen restated a “hold” rating and issued a $115.00 price target (up from $100.00) on shares of SEA in a research note on Monday, August 17th. Finally, Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned 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 $137.73.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.