Insider Selling: SEA (NYSE:SE) Insider Sells 1,200 Shares of Stock

Key Points

• Insider selling: Yanjun Wang sold 1,200 SEA shares at an average price of $101.55, receiving $121,860. Following the transaction, Wang’s direct stake fell 60.61% to 780 shares.
• Continued sales: The transaction was part of a series of insider sales since late August, totaling multiple thousands of shares sold at prices ranging from approximately $103.84 to $119.81.
• Mixed outlook: SEA recently missed quarterly earnings expectations but exceeded revenue estimates, with revenue up 48.3% year over year. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $149.40.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,200 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $101.55, for a total transaction of $121,860.00. Following the sale, the insider directly owned 780 shares of the company's stock, valued at $79,209. This represents a 60.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 shares were 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 transaction 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.
• On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.29, for a total value of $169,935.00.
• On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.48, for a total transaction of $168,720.00.
• On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.07, for a total value of $171,105.00.
• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.58, for a total value of $179,370.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.81, for a total transaction of $179,715.00.

SEA Price Performance

SE opened at $101.68 on Monday. 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 stock's 50 day simple moving average is $111.80 and its 200 day simple moving average is $96.86. The firm has a market cap of $62.13 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 1.02 and a beta of 1.51. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $195.48.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm's quarterly revenue was up 48.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. As a group, analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently made changes to their positions in SE. SG Americas Securities LLC increased its position in SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock valued at $135,999,000 after buying an additional 88,431 shares in the last quarter. Carrhae Capital LLP bought a new position in shares of SEA during the second quarter valued at $140,501,000. Baird Financial Group Inc. raised its position in shares of SEA by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after purchasing an additional 50,965 shares during the last quarter. Charles Lim Capital Ltd boosted its stake in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock worth $95,678,000 after purchasing an additional 475,000 shares in the last quarter. Finally, Carmignac Gestion grew its position in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock valued at $62,349,000 after purchasing an additional 14,242 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SE shares. Morgan Stanley reiterated an "overweight" rating and issued a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research report on Monday, July 20th. Zacks Research cut shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Barclays boosted their price target on shares of SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Finally, TD Cowen reiterated a "hold" rating on shares of SEA in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.40.

About SEA

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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