Insider Selling: SEA (NYSE:SE) Insider Sells $59,752.00 in Stock

Key Points

• SEA insider Yanjun Wang sold 800 shares at an average price of $74.69, generating $59,752. Following the sale, Wang retained 71,180 shares worth approximately $5.32 million.
• The transaction continues a series of insider sales by Wang, who has sold shares almost daily since October 5, including 1,000-share sales earlier in the month.
• SEA shares opened at $75.15, near their 52-week low of $71.53. Despite a recent earnings miss, revenue rose 48.3% year over year, while analysts maintained a “Moderate Buy” consensus with a $140.91 price target.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $74.69, for a total transaction of $59,752.00. Following the sale, the insider directly owned 71,180 shares in the company, valued at approximately $5,316,434.20. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 stock was sold at an average price of $81.61, for a total transaction 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 transaction 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 transaction 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 transaction 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 stock was sold at an average price of $95.37, for a total value 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.
• On Monday, October 5th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $97.27, for a total transaction of $97,270.00.

SEA Price Performance

NYSE SE opened at $75.15 on Thursday. The stock has a market cap of $45.92 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. The company has a 50-day moving average price of $100.79 and a two-hundred day moving average price of $99.59. Sea Limited Sponsored ADR has a 52 week low of $71.53 and a 52 week high of $159.80. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The company 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 company's revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Trading of SEA

A number of large investors have recently made changes to their positions in SE. Carrhae Capital LLP purchased a new position in SEA during the second quarter valued at $140,501,000. Baird Financial Group Inc. raised its stake in shares of 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 period. Carmignac Gestion boosted its position in SEA by 2.2% in 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 buying an additional 14,242 shares during the period. National Pension Service boosted its position in SEA by 10.0% during the 2nd 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in SEA by 80.6% in the third quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock worth $54,881,000 after acquiring an additional 251,517 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SE has been the subject of a number of recent research reports. Sanford C. Bernstein restated an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Finally, New Street Research lowered SEA from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and a consensus 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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