SEA (NYSE:SE) Insider Yanjun Wang Sells 1,500 Shares of Stock

Key Points

• SEA insider Yanjun Wang sold 1,500 shares on September 2 at an average price of $112.48, generating $168,720. The sale reduced Wang’s holdings by 9.62% to 14,100 shares.
• Wang has made a series of similar sales since August 10, selling 1,500 shares in each transaction at prices ranging from $114.58 to $128.66.
• SEA shares opened at $113.08, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $149.11. The company recently reported revenue growth of 48.3% year over year but missed quarterly earnings expectations.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $112.48, for a total transaction of $168,720.00. Following the transaction, the insider owned 14,100 shares of the company's stock, valued at approximately $1,585,968. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.07, for a total value of $171,105.00.
• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.58, for a total transaction of $179,370.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.81, for a total transaction of $179,715.00.
• On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $115.93, for a total transaction of $173,895.00.
• On Friday, August 21st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.74, for a total transaction of $176,610.00.
• On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.90, for a total transaction of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.88, for a total transaction of $179,820.00.
• On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $122.24, for a total transaction of $183,360.00.
• On Wednesday, August 12th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $128.66, for a total transaction of $192,990.00.
• On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.58, for a total transaction of $171,870.00.

SEA Stock Up 0.2%

Shares of NYSE:SE opened at $113.08 on Friday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The company has a market capitalization of $69.10 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The company has a fifty day moving average of $110.70 and a 200-day moving average of $97.05.

SEA (NYSE:SE - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The company's revenue was up 48.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, equities analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SE. Capstone Capital Management Ltd bought a new position in SEA during the first quarter valued at about $1,612,000. Ramirez Asset Management Inc. purchased a new stake in shares of SEA during the 4th quarter worth approximately $3,560,000. Equitable Trust Co. raised its holdings in shares of 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 worth $15,532,000 after purchasing an additional 44,252 shares during the period. Charles Lim Capital Ltd lifted its stake in SEA by 172.7% in the fourth 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 last quarter. Finally, Handelsbanken Fonder AB grew its holdings in SEA by 18.8% during the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore's stock valued at $16,066,000 after purchasing an additional 26,498 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of recent research reports. Benchmark lifted their price target on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price objective on SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a research note on Thursday, May 14th. TD Cowen reiterated a "hold" rating on shares of SEA in a research report on Monday, August 17th. Barclays raised their price target on shares of SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.11.

About SEA

Sea Limited NYSE: SE is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea's digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.

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.

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