SEA (NYSE:SE) Insider Sells 800 Shares of Stock

Key Points

• SEA insider Yanjun Wang sold 800 shares at an average price of $76.79, totaling $61,432. After the sale, Wang held 68,780 shares; the article also lists multiple additional share sales in October.
• Sea Limited reported quarterly revenue of $7.79 billion, above analysts’ $7.12 billion estimate, while EPS of $0.70 fell short of the $0.86 consensus. Revenue increased 48.3% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $137.73.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of SEA stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $76.79, for a total value of $61,432.00. Following the completion of the sale, the insider owned 68,780 shares in the company, valued at $5,281,616.20. This represents a 1.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.58, for a total value of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was 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 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 transaction of $61,064.00.
• On Tuesday, October 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 shares were 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 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 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 stock was sold at an average price of $95.87, for a total value 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 transaction of $95,370.00.

SEA Stock Up 1.4%

Shares of NYSE SE opened at $76.57 on Wednesday. The stock has a market cap of $46.79 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58. Sea Limited Sponsored ADR has a 52-week low of $71.53 and a 52-week high of $159.80. The business has a 50-day moving average price of $97.44 and a 200 day moving average price of $98.50. 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 analysts' consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. The business had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $0.65 earnings per share. The business's revenue was up 48.3% on a year-over-year basis. Equities research analysts forecast that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

Institutional Investors Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in SE. Carrhae Capital LLP purchased a new stake in SEA during the 2nd quarter worth approximately $140,501,000. Public Employees Retirement System of Ohio bought a new stake in SEA during the second quarter valued at $37,527,000. Assenagon Asset Management S.A. raised its stake in SEA by 80.6% during 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 during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SEA during the 2nd quarter worth approximately $12,410,000. Finally, Trek Financial LLC acquired a new stake in SEA in the third quarter worth $11,844,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SE has been the subject of several analyst reports. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. Zacks Research upgraded shares of SEA from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Benchmark upped their price objective on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price objective on shares of SEA from $173.00 to $149.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Finally, Barclays raised their price target on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $137.73.

About SEA

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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