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

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of SEA stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $86.62, for a total transaction of $69,296.00. Following the completion of the transaction, the insider directly owned 26,000 shares in the company, valued at approximately $2,252,120. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $82.98, for a total transaction of $66,384.00.
• On Wednesday, April 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $82.66, for a total transaction of $66,128.00.
• On Wednesday, March 25th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $81.96, for a total transaction of $65,568.00.
• On Monday, March 23rd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $80.12, for a total transaction of $64,096.00.
• On Friday, March 20th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $79.63, for a total transaction of $63,704.00.
• On Wednesday, March 18th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.10, for a total transaction of $68,080.00.

SEA Stock Performance

Shares of SE stock opened at $85.45 on Friday. The company’s fifty day simple moving average is $95.61 and its 200-day simple moving average is $128.56. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The firm has a market cap of $50.34 billion, a PE ratio of 33.91, a P/E/G ratio of 0.79 and a beta of 1.69. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The business had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. Equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on SE shares. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Wedbush cut their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price objective on shares of SEA in a research report on Tuesday, March 3rd. Finally, Barclays lowered their target price on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.83.

Hedge Funds Weigh In On SEA

Institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its holdings in SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after buying an additional 143 shares during the last quarter. Sound Income Strategies LLC acquired a new position in SEA during the third quarter worth $29,000. Rothschild Investment LLC increased its holdings in SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT increased its holdings in SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 259 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new position in SEA during the fourth quarter worth $44,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.