SEA (NYSE:SE) Insider Yanjun Wang Sells 1,200 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $105.39, for a total transaction of $126,468.00. Following the completion of the transaction, the insider directly owned 20,200 shares of the company’s stock, valued at $2,128,878. The trade was a 5.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 29th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $108.70, for a total transaction of $163,050.00.
• On Monday, July 20th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $106.50, for a total transaction of $127,800.00.
• On Monday, July 27th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $104.08, for a total transaction of $124,896.00.
• On Friday, July 24th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $99.65, for a total transaction of $119,580.00.
• On Monday, July 13th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.35, for a total transaction of $168,525.00.
• On Friday, July 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.33, for a total transaction of $169,995.00.
• On Thursday, July 9th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.85, for a total transaction of $129,420.00.
• On Monday, July 6th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $104.67, for a total transaction of $125,604.00.
• On Wednesday, July 1st, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.60, for a total value of $120,720.00.
• On Monday, June 29th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $92.59, for a total value of $92,590.00.

SEA Trading Up 3.9%

Shares of SEA stock opened at $110.89 on Tuesday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The business’s fifty day moving average is $97.56 and its two-hundred day moving average is $96.97. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The firm has a market cap of $67.76 billion, a PE ratio of 43.66, a P/E/G ratio of 1.03 and a beta of 1.54.

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

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently modified their holdings of SE. Zions Bancorporation National Association UT increased its position in SEA by 539.6% during the 4th 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 in the last quarter. Cornerstone Planning Group LLC lifted its position in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after buying an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in SEA during the fourth quarter worth approximately $175,000. Finally, EverSource Wealth Advisors LLC grew its stake in SEA by 43.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after buying an additional 751 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SE. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Barclays raised their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. TD Cowen boosted their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average 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.