SEA (NYSE:SE) Insider Sells 1,000 Shares of Company Stock

Key Points

• SEA insider Yanjun Wang sold 1,000 shares at an average price of $94.91, generating $94,910. Following the transaction, Wang owned 84,780 shares, a 1.17% reduction in holdings.
• Wang has made a series of additional SEA sales since mid-September, totaling thousands of shares as sale prices generally declined from about $108 to $95.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year, but earnings per share of $0.70 missed estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $149.40.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of the stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $94.91, for a total value of $94,910.00. Following the completion of the sale, the insider directly owned 84,780 shares in the company, valued at $8,046,469.80. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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.
• On Friday, October 2nd, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.15, for a total transaction of $95,150.00.
• On Wednesday, September 30th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.67, for a total transaction of $97,670.00.
• On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $98.65, for a total transaction of $98,650.00.
• 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 transaction of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.76, for a total value 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 value 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 value 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 value of $162,480.00.

SEA Trading Down 1.9%

NYSE:SE opened at $92.83 on Friday. The stock has a market cap of $56.72 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 0.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $191.39. The business has a fifty day moving average of $109.60 and a 200-day moving average of $97.94.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA's revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Equities analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Wall Street Analyst Weigh In

SE has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Zacks Research cut SEA from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. Barclays increased their price target on SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. Finally, TD Cowen reiterated a "hold" rating on shares of SEA in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $149.40.

Institutional Investors Weigh In On SEA

Hedge funds have recently bought and sold shares of the business. Capstone Capital Management Ltd purchased a new stake in shares of SEA in the first quarter worth approximately $1,612,000. Whetstone Capital Advisors LLC bought a new position in SEA during the second quarter valued at about $8,191,000. Corient Private Wealth LP lifted its holdings in SEA by 61.4% in the 2nd quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore's stock worth $2,543,000 after purchasing an additional 10,099 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of SEA by 18.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore's stock worth $16,066,000 after buying an additional 26,498 shares during the period. Finally, Equitable Trust Co. grew its stake in SEA by 30.9% in the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore's stock valued at $15,532,000 after buying an additional 44,252 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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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