Insider Selling: SEA (NYSE:SE) Insider Sells $92,590.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $92.59, for a total value of $92,590.00. Following the completion of the transaction, the insider directly owned 48,200 shares in the company, valued at $4,462,838. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, June 25th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $90.22, for a total value of $90,220.00.
• On Wednesday, June 10th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $82.36, for a total value of $65,888.00.
• On Monday, June 8th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $84.39, for a total value of $67,512.00.
• On Friday, June 5th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $87.20, for a total transaction of $69,760.00.
• On Wednesday, June 3rd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $90.53, for a total transaction of $72,424.00.
• On Monday, June 1st, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $96.11, for a total transaction of $76,888.00.
• On Thursday, May 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $91.98, for a total transaction of $73,584.00.
• On Tuesday, May 26th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $89.45, for a total transaction of $71,560.00.
• On Friday, May 22nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $87.87, for a total transaction of $70,296.00.
• On Wednesday, May 20th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $86.34, for a total transaction of $69,072.00.

SEA Stock Down 0.6%

SEA stock opened at $102.72 on Friday. The firm has a market cap of $62.77 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 1.11 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a fifty day moving average price of $89.49 and a two-hundred day moving average price of $100.45.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Fred Alger Management LLC increased its stake in SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after acquiring an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after acquiring an additional 350,840 shares in the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of SEA in the 4th quarter worth approximately $3,560,000. Charles Lim Capital Ltd lifted its position in shares of SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after acquiring an additional 475,000 shares during the period. Finally, Myriad Asset Management Advisors LLC bought a new stake in shares of SEA in the 4th quarter worth approximately $4,181,000. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SE. Barclays raised their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Bank of America restated a “buy” rating and issued a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.54.

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.