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

Key Points

• SEA insider Yanjun Wang sold 1,000 shares at an average price of $97.67, generating $97,670. Following the transaction, Wang directly owned 89,780 shares, and the sale reduced their stake by 1.10%.
• Wang has made a series of additional sales throughout September, selling more than 12,000 shares in total during the reported transactions as SEA’s share price declined from above $112 to around $97.
• SEA recently missed quarterly earnings expectations with $0.70 in adjusted EPS versus an estimated $0.86, although revenue rose 48.3% year over year to $7.79 billion. 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 SEA stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $97.67, for a total value of $97,670.00. Following the completion of the sale, the insider directly owned 89,780 shares of the company's stock, valued at $8,768,812.60. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 value 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.
• 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 shares were sold at an average price of $108.32, for a total value of $162,480.00.
• On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.99, for a total value 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 transaction 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 transaction of $169,125.00.

SEA Trading Down 1.2%

SEA stock opened at $97.40 on Thursday. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $193.48. The stock has a market capitalization of $59.52 billion, a P/E ratio of 37.61, a PEG ratio of 1.00 and a beta of 1.51. The stock has a 50-day simple moving average of $110.71 and a 200 day simple moving average of $97.48. 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 (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 business 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 revenue was up 48.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Morgan Stanley restated an "overweight" rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Benchmark upped their price objective on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, TD Cowen reissued a "hold" rating on shares of SEA in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

Institutional Trading of SEA

Large investors have recently made changes to their positions in the company. Carrhae Capital LLP bought a new position in SEA in the 2nd quarter valued at approximately $140,501,000. SG Americas Securities LLC increased its position in SEA by 5.7% during 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 purchasing an additional 88,431 shares during the period. Charles Lim Capital Ltd increased its position in SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock valued at $95,678,000 after purchasing an additional 475,000 shares during the period. Baird Financial Group Inc. raised its holdings in SEA by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after purchasing an additional 50,965 shares during the last quarter. Finally, Carmignac Gestion raised its holdings in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock worth $62,349,000 after purchasing an additional 14,242 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

About SEA

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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