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

Key Points

• SEA insider Yanjun Wang sold 800 shares on October 30 at an average price of $74.58, generating $59,664. Following the transaction, Wang retained 69,580 shares worth approximately $5.19 million.
• The sale was part of a broader series of insider transactions: Wang sold shares on 12 occasions since October 7, totaling thousands of shares as SEA’s price declined from roughly $95 to $74.
• SEA opened at $74.28, near its 12-month low of $71.53 and well below its 12-month high of $159.80. Despite mixed analyst actions, the stock carries a consensus “Moderate Buy” rating with an average price target of $140.91.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the 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 approximately $5,189,276.40. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value 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 transaction of $59,016.00.
• On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The stock was 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 stock was 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 shares were 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 transaction 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 transaction of $95,370.00.
• On Wednesday, October 7th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $94.91, for a total value of $94,910.00.

SEA Trading Up 0.1%

SE opened at $74.28 on Monday. The stock has a market capitalization of $45.39 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 0.77 and a beta of 1.54. The business has a fifty day moving average price of $99.06 and a 200 day moving average price of $99.02. Sea Limited Sponsored ADR has a 12 month low of $71.53 and a 12 month high of $159.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE - Get Free Report) last released its quarterly 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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the company earned $0.65 EPS. The firm's revenue for the quarter was up 48.3% compared to the same quarter last year. Sell-side analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently modified their holdings of the company. Provenance Wealth Advisors LLC lifted its position in SEA by 1,511.1% during the 3rd 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 during the period. Grove Bank & Trust grew its holdings in SEA by 53.9% during the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore's stock valued at $60,000 after buying an additional 215 shares in the last quarter. Cornerstone Planning Group LLC grew its position in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after acquiring an additional 174 shares in the last quarter. Independence Bank of Kentucky increased its stake in SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock worth $123,000 after buying an additional 1,100 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of SEA in the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SE shares. TD Cowen reissued a "hold" rating on shares of SEA in a research note on Monday, August 17th. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Zacks Research upgraded SEA from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a report on Sunday. Finally, New Street Research cut SEA from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.91.

SEA Company Profile

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.

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