SEA (NYSE:SE) Insider Sells $59,448.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $74.31, for a total value of $59,448.00. Following the completion of the transaction, the insider directly owned 63,180 shares in the company, valued at approximately $4,694,905.80. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 9th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $78.32, for a total value of $62,656.00.
• On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $75.02, for a total transaction of $60,016.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $80.82, for a total transaction of $64,656.00.
• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $76.79, for a total transaction of $61,432.00.
• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.58, for a total transaction of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00.
• On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 shares were 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 stock was sold at an average price of $81.61, for a total transaction of $65,288.00.
• On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $90.37, for a total transaction of $90,370.00.

SEA Stock Up 0.6%

Shares of SE traded up $0.46 during midday trading on Thursday, hitting $74.45. The company had a trading volume of 6,493,229 shares, compared to its average volume of 9,258,461. The company’s 50 day moving average price is $91.74 and its 200 day moving average price is $96.87. The stock has a market cap of $45.49 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 0.76 and a beta of 1.58. Sea Limited Sponsored ADR has a 52 week low of $71.33 and a 52 week high of $148.26. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The company had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 43.7% on a year-over-year basis. On average, equities research analysts predict that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Top SEA Stories

Here are a few of the latest stories about SE:

• Positive Sentiment: Sea’s Shopee, Monee and Garena businesses are all growing at double-digit rates, according to a recent analysis. Why Sea Limited stock is falling
• Positive Sentiment: Call-option activity was reported as unusually large, which may indicate bullish positioning, though it does not confirm investors’ outlook. SEA call options activity
• Negative Sentiment: TD Cowen lowered its target to $90 from $100 and maintained a “hold” rating, adding to the pattern of analyst target cuts. TD Cowen ratings

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Carrhae Capital LLP bought a new stake in shares of SEA during the 2nd quarter valued at about $140,501,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in SEA by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock worth $120,826,000 after acquiring an additional 52,660 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after acquiring an additional 50,965 shares during the last quarter. USS Investment Management Ltd lifted its holdings in SEA by 5.9% in the third quarter. USS Investment Management Ltd now owns 660,654 shares of the Internet company based in Singapore’s stock worth $64,328,000 after acquiring an additional 36,955 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after acquiring an additional 14,242 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SE shares. Barclays reduced their target price on SEA from $156.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group lowered their price target on SEA from $164.00 to $142.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of SEA in a report on Tuesday. StoneX dropped their price target on SEA from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.67.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.