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

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $80.12, for a total value of $64,096.00. Following the transaction, the insider directly owned 34,800 shares of the company’s stock, valued at approximately $2,788,176. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, March 20th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $79.63, for a total transaction of $63,704.00.
• On Wednesday, March 18th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $85.10, for a total transaction of $68,080.00.

SEA Trading Up 1.3%

Shares of SEA stock opened at $79.89 on Tuesday. The firm’s 50 day moving average is $106.66 and its 200 day moving average is $137.77. The firm has a market capitalization of $47.06 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the company earned $0.39 EPS. SEA’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SE shares. Bank of America reiterated a “buy” rating and issued a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Morgan Stanley set a $121.00 target price on SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Sanford C. Bernstein cut their price target on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a $150.00 price target on shares of SEA in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.83.

Institutional Trading of SEA

Several institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC increased its holdings in SEA by 1.9% in the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock valued at $664,000 after purchasing an additional 98 shares during the period. Belpointe Asset Management LLC lifted its holdings in SEA by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock worth $1,033,000 after buying an additional 103 shares during the period. Rothschild Investment LLC lifted its holdings in SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the period. GAMMA Investing LLC grew its position in shares of SEA by 4.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,112 shares of the Internet company based in Singapore’s stock valued at $556,000 after buying an additional 142 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after buying an additional 143 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

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.