Insider Selling: SEA (NYSE:SE) Insider Sells $98,650.00 in Stock

Key Points

• SEA insider Yanjun Wang sold 1,000 shares for $98,650 at an average price of $98.65, reducing their ownership by 1.08% to 91,780 shares. The sale follows multiple additional disposals throughout September.
• SEA shares opened at $98.95, with a market capitalization of approximately $60.46 billion and a one-year trading range of $77.05 to $193.48. The company’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, though earnings per share missed estimates.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $149.40, while institutional investors and hedge funds own approximately 59.53% of SEA’s stock.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $98.65, for a total value of $98,650.00. Following the completion of the transaction, the insider owned 91,780 shares in the company, valued at $9,054,097. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.04, for a total value of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.76, for a total transaction of $123,312.00.
• On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.00, for a total transaction of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $101.55, for a total value of $121,860.00.
• 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 stock was 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 stock was 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 shares were sold at an average price of $113.29, for a total value of $169,935.00.

SEA Stock Performance

Shares of NYSE SE opened at $98.95 on Tuesday. 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 firm has a market cap of $60.46 billion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 1.00 and a beta of 1.51. The stock's fifty day moving average price is $111.02 and its two-hundred day moving average price is $97.32. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $193.48.

SEA (NYSE:SE - Get Free Report) last posted its 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 firm had revenue of $7.79 billion for the quarter, compared to analyst estimates 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 prior year, the business posted $0.65 EPS. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in SEA by 26.5% in the 1st 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 boosted its stake 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 valued at $123,000 after purchasing an additional 1,100 shares in the last quarter. Osbon Capital Management LLC bought a new stake in shares of SEA during the fourth quarter worth about $175,000. HB Wealth Management LLC bought a new stake in shares of SEA during the second quarter worth about $203,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of SEA in the second quarter valued at approximately $212,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SE shares. Royal Bank Of Canada upgraded shares of SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Benchmark lifted their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. TD Cowen reiterated a "hold" rating on shares of SEA in a research note on Monday, August 17th. Zacks Research downgraded SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Finally, Arete Research set a $152.00 price objective on SEA and gave the stock a "buy" rating in a research note on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea's principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.

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