SEA (NYSE:SE) Stock: Insider Yanjun Wang Sells 1,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $97.67, for a total value of $97,670.00. Following the completion of the transaction, the insider directly owned 89,780 shares of the company’s stock, valued at approximately $8,768,812.60. This represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $98.65, for a total transaction of $98,650.00.
• On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.04, for a total transaction of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.76, for a total transaction of $123,312.00.
• On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.00, for a total transaction of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $101.55, for a total transaction of $121,860.00.
• On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $103.84, for a total transaction of $124,608.00.
• On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.32, for a total transaction of $162,480.00.
• On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $107.99, for a total value of $129,588.00.
• On Wednesday, September 9th, Yanjun Wang sold 1,320 shares of SEA stock. The shares were sold at an average price of $108.88, for a total value of $143,721.60.
• On Tuesday, September 8th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.75, for a total value of $169,125.00.

SEA Stock Down 0.1%

SEA stock opened at $95.14 on Friday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $193.48. The stock has a fifty day simple moving average of $110.51 and a two-hundred day simple moving average of $97.53. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a market cap of $58.13 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 0.97 and a beta of 1.54.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) 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 business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. Equities analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Analysts Set New Price Targets

SE has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.40.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capstone Capital Management Ltd purchased a new stake in shares of SEA in the 1st quarter worth $1,612,000. Ramirez Asset Management Inc. purchased a new position in SEA during the fourth quarter valued at $3,560,000. Whetstone Capital Advisors LLC purchased a new position in SEA during the second quarter valued at $8,191,000. Equitable Trust Co. grew its holdings in SEA by 30.9% during the first quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock valued at $15,532,000 after purchasing an additional 44,252 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in SEA by 18.8% during the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock valued at $16,066,000 after purchasing an additional 26,498 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.