SEA (NYSE:SE) Insider Sells $95,370.00 in Stock

Key Points

• SEA insider Yanjun Wang sold 1,000 shares at an average price of $95.37, generating $95,370 and reducing the insider’s holdings by 1.19% to 82,780 shares.
• Wang has made a series of additional SEA sales since September, including multiple transactions of 1,000 to 1,200 shares, indicating continued insider selling.
• SEA recently reported revenue of $7.79 billion, up 48.3% year over year, but quarterly EPS of $0.70 missed the $0.86 consensus estimate. Analysts maintain a “Moderate Buy” consensus rating with a $149.40 average price target.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of the business's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $95.37, for a total value of $95,370.00. Following the transaction, the insider owned 82,780 shares of the company's stock, valued at $7,894,728.60. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 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 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 value 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 value 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 value 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 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 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 stock was sold at an average price of $101.55, for a total transaction of $121,860.00.

SEA Stock Up 0.5%

SE stock opened at $95.75 on Tuesday. 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 Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $184.96. The firm's 50-day simple moving average is $109.07 and its 200 day simple moving average is $98.18. The stock has a market cap of $58.51 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54.

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 the consensus estimate of $0.86 by ($0.16). The firm had revenue of $7.79 billion during 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%. The company'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 business earned $0.65 earnings per share. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Carrhae Capital LLP bought a new position in SEA during the second quarter valued at about $140,501,000. Public Employees Retirement System of Ohio acquired a new position in SEA during the second quarter worth about $37,527,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in SEA in the second quarter worth about $12,410,000. Nykredit A S bought a new stake in SEA in the second quarter worth about $9,542,000. Finally, SG Americas Securities LLC lifted its holdings in SEA by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock valued at $135,999,000 after acquiring an additional 88,431 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on SE. Benchmark raised their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Zacks Research downgraded shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Barclays increased their price objective on shares of SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Finally, Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a report on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.