SEA (NYSE:SE) Insider Sells $59,664.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $74.58, for a total transaction of $59,664.00. Following the completion of the sale, the insider owned 69,580 shares of the company’s stock, valued at $5,189,276.40. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value of $61,432.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.69, for a total value 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 value 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 value 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 stock was 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 shares were 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.

SEA Trading Up 4.5%

Shares of SEA stock opened at $80.22 on Thursday. 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 business has a fifty day simple moving average of $96.58 and a two-hundred day simple moving average of $98.28. Sea Limited Sponsored ADR has a 1 year low of $71.53 and a 1 year high of $159.80. The company has a market capitalization of $49.01 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 0.79 and a beta of 1.58.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $7.12 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 48.3% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Carrhae Capital LLP bought a new stake in shares of SEA during the 2nd quarter worth approximately $140,501,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SEA by 4.4% during the 3rd 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 in the last quarter. Baird Financial Group Inc. increased its stake 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 valued at $84,245,000 after acquiring an additional 50,965 shares during the last quarter. Carmignac Gestion increased 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 last quarter. Finally, National Pension Service increased its stake in SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after acquiring an additional 54,819 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the topic of several research reports. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays boosted their price objective on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen reaffirmed a “hold” rating and set a $115.00 target price (up from $100.00) on shares of SEA in a report on Monday, August 17th. New Street Research downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Monday, October 26th. Finally, Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.73.

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.