SEA (NYSE:SE) Stock: Insider Yanjun Wang Sells 800 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $76.79, for a total transaction of $61,432.00. Following the transaction, the insider directly owned 68,780 shares of the company’s stock, valued at approximately $5,281,616.20. This trade represents a 1.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was 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 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 stock was 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 stock was sold at an average price of $95.37, for a total value of $95,370.00.

SEA Stock Down 5.7%

Shares of SE stock opened at $75.65 on Friday. The stock has a 50 day moving average of $95.71 and a 200 day moving average of $98.05. 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 stock has a market cap of $46.23 billion, a P/E ratio of 29.21, a P/E/G ratio of 0.83 and a beta of 1.58. Sea Limited Sponsored ADR has a twelve month low of $71.53 and a twelve month high of $159.80.

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 company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 48.3% compared to the same quarter last year. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Provenance Wealth Advisors LLC lifted its position in shares of SEA by 1,511.1% in the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 272 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after acquiring an additional 215 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of 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 worth $70,000 after purchasing an additional 174 shares in the last quarter. Independence Bank of Kentucky increased its position in shares of SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after purchasing an additional 1,100 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in SEA in the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. TD Cowen reiterated a “hold” rating and issued a $115.00 price objective (up from $100.00) on shares of SEA in a research report on Monday, August 17th. JPMorgan Chase & Co. lowered their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Finally, Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.