Insider Selling: SEA (NYSE:SE) Insider Sells $95,370.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $95.37, for a total transaction of $95,370.00. Following the completion of the sale, the insider owned 82,780 shares in the company, valued at approximately $7,894,728.60. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 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 Wednesday, October 7th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was 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 shares were 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 value 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 value of $98,650.00.
• On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $100.04, for a total value of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.76, for a total value 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 value of $122,400.00.

SEA Stock Up 2.4%

SE opened at $97.57 on Friday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $175.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market cap of $59.62 billion, a P/E ratio of 37.67, a P/E/G ratio of 0.97 and a beta of 1.54. The stock’s 50 day moving average price is $108.11 and its 200 day moving average price is $98.52.

SEA (NYSE:SE) last announced its earnings results 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). The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm’s revenue was up 48.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. As a group, research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Analyst Ratings Changes

SE has been the topic of a number of research analyst reports. Barclays raised 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. Benchmark lifted their price objective on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a report on Monday, July 20th. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Arete Research set a $152.00 target price on shares of SEA and gave the company a “buy” rating in a research report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $149.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SE. Grove Bank & Trust increased its stake in shares of SEA by 53.9% during the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after acquiring an additional 215 shares during the period. Cornerstone Planning Group LLC lifted its position 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 worth $70,000 after purchasing an additional 174 shares during the period. Independence Bank of Kentucky lifted its position 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 worth $123,000 after purchasing an additional 1,100 shares during the period. Osbon Capital Management LLC acquired a new stake in SEA in the fourth quarter worth approximately $175,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in SEA during the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

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.