SEA (NYSE:SE) Shares Down 4.7% on Insider Selling

Sea Limited Sponsored ADR (NYSE:SE) traded down 4.7% during mid-day trading on Monday following insider selling activity. The company traded as low as $88.00 and last traded at $89.3270. 893,806 shares traded hands during trading, a decline of 81% from the average daily volume of 4,751,232 shares. The stock had previously closed at $93.77.

Specifically, insider Yanjun Wang sold 1,000 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $95.43, for a total transaction of $95,430.00. Following the transaction, the insider directly owned 77,780 shares in the company, valued at approximately $7,422,545.40. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Yanjun Wang sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $95.49, for a total transaction of $95,490.00. Following the sale, the insider directly owned 78,780 shares of the company’s stock, valued at approximately $7,522,702.20. This represents a 1.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In related news, insider Yanjun Wang sold 1,000 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $95.87, for a total transaction of $95,870.00. Following the completion of the sale, the insider owned 80,780 shares of the company’s stock, valued at approximately $7,744,378.60. This represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

A number of research firms have weighed in on SE. Morgan Stanley reissued an “overweight” rating and issued a $153.00 target price on shares of SEA in a research note on Thursday, August 13th. Barclays boosted their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Price Performance

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’s fifty day moving average is $107.71 and its 200-day moving average is $98.63. The stock has a market cap of $54.62 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54.

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

Institutional Trading of SEA

Several hedge funds have recently made changes to their positions in SE. Carrhae Capital LLP acquired a new position in shares of SEA in the 2nd quarter valued at $140,501,000. Public Employees Retirement System of Ohio purchased a new position in shares of SEA during the 2nd quarter worth $37,527,000. Assenagon Asset Management S.A. grew its holdings in shares of SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after purchasing an additional 251,517 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SEA during the 2nd quarter worth about $12,410,000. Finally, Ninety One North America Inc. acquired a new stake in shares of SEA during the 3rd quarter worth about $9,734,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.