Insider Selling: SEA (NYSE:SE) Insider Sells $59,752.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00. Following the transaction, the insider directly owned 71,180 shares of the company’s stock, valued at $5,316,434.20. The trade was a 1.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 stock was 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 value of $65,288.00.
• On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.37, for a total value of $90,370.00.
• On Friday, October 16th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.43, for a total value of $95,430.00.
• On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.49, for a total value of $95,490.00.
• On Monday, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.87, for a total value of $95,870.00.
• On Friday, October 9th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.37, for a total value of $95,370.00.
• 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 value of $94,910.00.
• On Monday, October 5th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $97.27, for a total value of $97,270.00.

SEA Price Performance

SEA stock opened at $74.28 on Friday. The stock’s 50 day moving average is $99.06 and its 200 day moving average is $99.02. 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 firm has a market cap of $45.39 billion, a P/E ratio of 28.68, a P/E/G ratio of 0.77 and a beta of 1.54. Sea Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.80.

SEA (NYSE:SE) last released its 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 firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, research analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Investors Weigh In On SEA

Hedge funds have recently added to or reduced their stakes in the company. Carrhae Capital LLP bought a new position in shares of SEA in the second quarter valued at $140,501,000. Public Employees Retirement System of Ohio acquired a new position in shares of SEA during the second quarter valued at about $37,527,000. Assenagon Asset Management S.A. increased its position in shares of SEA by 80.6% during the third 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 acquiring an additional 251,517 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of SEA during the second quarter worth about $12,410,000. Finally, Trek Financial LLC bought a new stake in shares of SEA during the third quarter worth about $11,844,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SE. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a research note on Sunday. Arete Research raised shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Monday, September 7th. TD Cowen reiterated a “hold” rating on shares of SEA in a report on Monday, August 17th. Barclays lifted their price objective on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada raised 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 given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $140.91.

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.