SEA (NYSE:SE) Insider Yanjun Wang Sells 1,500 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $112.75, for a total transaction of $169,125.00. Following the sale, the insider directly owned 9,600 shares in the company, valued at $1,082,400. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.29, for a total transaction of $169,935.00.
• On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.48, for a total value of $168,720.00.
• On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.07, for a total value of $171,105.00.
• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.58, for a total value of $179,370.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.81, for a total value of $179,715.00.
• On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $115.93, for a total value of $173,895.00.
• On Friday, August 21st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.74, for a total transaction of $176,610.00.
• On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $117.90, for a total transaction of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.88, for a total transaction of $179,820.00.
• On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $122.24, for a total transaction of $183,360.00.

SEA Price Performance

SE opened at $108.60 on Thursday. The company has a fifty day moving average price of $111.98 and a two-hundred day moving average price of $97.07. The firm has a market capitalization of $66.36 billion, a PE ratio of 41.93, a P/E/G ratio of 1.14 and a beta of 1.51. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last posted its quarterly earnings results 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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $0.65 EPS. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT raised its position in shares of 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 purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after purchasing an additional 573 shares during the period. Independence Bank of Kentucky grew its position in shares of SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after purchasing an additional 1,100 shares during the period. Finally, Osbon Capital Management LLC bought a new stake in SEA during the 4th quarter worth approximately $175,000. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SE. TD Cowen reissued a “hold” rating on shares of SEA in a research note on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Barclays increased their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Benchmark boosted their price objective on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.