SEA (NYSE:SE) Insider Sells $62,656.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $78.32, for a total transaction of $62,656.00. Following the transaction, the insider directly owned 63,980 shares in the company, valued at approximately $5,010,913.60. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 11th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.31, for a total value of $59,448.00.
• On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $75.02, for a total value of $60,016.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $80.82, for a total transaction of $64,656.00.
• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $76.79, for a total transaction of $61,432.00.
• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.58, for a total transaction of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was 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 stock was sold at an average price of $73.77, for a total transaction of $59,016.00.
• On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 stock was sold at an average price of $90.37, for a total value of $90,370.00.

SEA Stock Performance

SE opened at $74.45 on Friday. Sea Limited Sponsored ADR has a 1 year low of $71.33 and a 1 year high of $148.26. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $91.74 and its 200-day simple moving average is $96.87. The stock has a market cap of $45.49 billion, a PE ratio of 26.78, a P/E/G ratio of 0.76 and a beta of 1.58.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The business had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the business posted $0.59 earnings per share. SEA’s revenue was up 43.7% on a year-over-year basis. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Recent SEA Headlines

Here are a few of the latest headlines about SE:

• Positive Sentiment: Call-option activity was reported as unusually large, which may indicate bullish positioning, though it does not confirm investors’ outlook. SEA call options activity
• Neutral Sentiment: Barclays lowered its target to $150 from $156 but kept an “overweight” rating; StoneX cut its target to $155 from $175 while retaining “buy.” The continued positive ratings are balanced by the lower targets. Barclays ratings StoneX ratings
• Negative Sentiment: Insider Yanjun Wang has made repeated small sales of 800 shares, including a reported sale at $75.02. This is a modest signal, given the size of the latest transaction and his remaining ownership. SEA insider trading

Wall Street Analyst Weigh In

SE has been the topic of a number of recent analyst reports. Bank of America set a $110.00 price target on shares of SEA and gave the company a “buy” rating in a research report on Wednesday. Barclays reduced their target price on SEA from $156.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Arete Research raised SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, September 7th. TD Cowen lowered their target price on SEA from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. grew its holdings in SEA by 11.4% during the third quarter. Benjamin Edwards Inc. now owns 14,896 shares of the Internet company based in Singapore’s stock worth $1,450,000 after purchasing an additional 1,524 shares during the period. Allianz SE boosted its position in SEA by 31.1% during the third quarter. Allianz SE now owns 69,327 shares of the Internet company based in Singapore’s stock worth $6,750,000 after purchasing an additional 16,460 shares during the period. Advisors Asset Management Inc. bought a new position in SEA during the third quarter worth $1,997,000. USS Investment Management Ltd boosted its position in SEA by 5.9% during the third quarter. USS Investment Management Ltd now owns 660,654 shares of the Internet company based in Singapore’s stock worth $64,328,000 after purchasing an additional 36,955 shares during the period. Finally, Private Advisor Group LLC bought a new position in shares of SEA in the third quarter valued at about $243,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.