SEA (NYSE:SE) Insider Sells $97,270.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $97.27, for a total transaction of $97,270.00. Following the sale, the insider directly owned 86,780 shares in the company, valued at $8,441,090.60. The trade was a 1.14% 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, 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 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 value 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 stock was 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 shares were 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 shares were sold at an average price of $102.00, for a total transaction of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $101.55, for a total value of $121,860.00.
• On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $103.84, for a total transaction of $124,608.00.
• On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.32, for a total transaction of $162,480.00.

SEA Trading Up 2.7%

NYSE:SE opened at $95.37 on Friday. The stock has a market cap of $58.27 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 0.95 and a beta of 1.54. 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’s 50 day moving average price is $109.37 and its 200-day moving average price is $97.93. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $189.78.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion during 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%. SEA’s revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SE. Benchmark boosted their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a report on Thursday, August 13th. Arete Research set a $152.00 price target on shares of SEA and gave the stock a “buy” rating in a research note on Monday, September 7th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. 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 analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.40.

Hedge Funds Weigh In On SEA

Several institutional investors have recently made changes to their positions in SE. Capstone Capital Management Ltd purchased a new stake in SEA during the first quarter valued at approximately $1,612,000. Whetstone Capital Advisors LLC bought a new stake in shares of SEA during the 2nd quarter valued at $8,191,000. Corient Private Wealth LP grew its position in shares of SEA by 61.4% during the 2nd quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock valued at $2,543,000 after acquiring an additional 10,099 shares during the period. Handelsbanken Fonder AB lifted its position in SEA by 18.8% during the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock valued at $16,066,000 after purchasing an additional 26,498 shares in the last quarter. Finally, Equitable Trust Co. grew its holdings in SEA by 30.9% during the first quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock valued at $15,532,000 after purchasing an additional 44,252 shares during the period. Institutional investors own 59.53% of the company’s stock.

About SEA

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.