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

Key Points

• SEA insider Yanjun Wang sold 1,000 shares on October 16 at an average price of $95.43, generating $95,430. Following the transaction, Wang retained 77,780 shares valued at approximately $7.42 million.
• The sale was part of a series of insider transactions: Wang sold shares on multiple occasions from September 23 through October 14, reducing their holdings by roughly 1,000–1,200 shares per transaction.
• SEA shares opened at $93.68, while analysts maintained a generally positive view with a “Moderate Buy” consensus rating and an average price target of $149.40. The company’s latest quarterly revenue rose 48.3% year over year, although earnings per share missed estimates.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $95.43, for a total value of $95,430.00. Following the sale, the insider directly owned 77,780 shares in the company, valued at $7,422,545.40. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $94.91, for a total transaction 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.
• On Friday, October 2nd, Yanjun Wang sold 1,000 shares of SEA stock. The shares were 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 shares were 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 stock was 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 transaction of $123,312.00.

SEA Stock Performance

Shares of SEA stock opened at $93.68 on Monday. The stock has a market cap of $57.24 billion, a price-to-earnings ratio of 36.17, a P/E/G ratio of 0.96 and a beta of 1.54. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $171.09. The company's fifty day moving average is $107.71 and its 200 day moving average is $98.63. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 13.54% and a net margin of 5.98%. The firm's revenue for the quarter was up 48.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Carrhae Capital LLP bought a new position in SEA during the second quarter worth $140,501,000. Public Employees Retirement System of Ohio acquired a new stake in SEA in the second quarter worth $37,527,000. Assenagon Asset Management S.A. increased its stake 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 valued at $54,881,000 after purchasing an additional 251,517 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in SEA in the second quarter valued at $12,410,000. Finally, Ninety One North America Inc. bought a new stake in SEA in the third quarter valued at $9,734,000. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on SE shares. Benchmark upped their target price on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Barclays raised their price target on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. 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. Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a research note on Monday, September 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $149.40.

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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