Yanjun Wang Sells 1,500 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $117.74, for a total transaction of $176,610.00. Following the completion of the transaction, the insider directly owned 26,100 shares of the company’s stock, valued at $3,073,014. This represents a 5.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value 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 value 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 value 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 value 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 value of $192,990.00.
• On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.58, for a total value 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 value 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 value 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 transaction of $126,468.00.

SEA Stock Down 3.2%

Shares of SEA stock opened at $119.19 on Thursday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The company has a 50 day moving average of $107.81 and a 200 day moving average of $96.85. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $72.83 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.23 and a beta of 1.54.

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

Institutional Trading of SEA

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in SEA by 9,247.9% in the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock valued at $3,802,336,000 after buying an additional 39,253,472 shares during the period. Charles Lim Capital Ltd lifted its holdings in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after acquiring an additional 475,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of SEA in the second quarter worth approximately $37,527,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of SEA in the fourth quarter worth approximately $26,282,000. Finally, State of Tennessee Department of Treasury grew its holdings in SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Benchmark raised their price target on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and set a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Barclays upped their price target on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.90.

About SEA

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.