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

Key Points

• SEA insider Yanjun Wang sold 800 shares on November 9 at an average price of $78.32, totaling $62,656. Wang retained 64,780 shares after the sale.
• Wang has made a series of sales in recent weeks, generally 800 shares per transaction, including sales on November 6, November 4, and earlier dates in October.
• SEA shares opened at $78.02, well below their 50-day and 200-day moving averages. Analysts’ consensus rating was “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 the company's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $78.32, for a total transaction of $62,656.00. Following the completion of the transaction, the insider directly owned 64,780 shares of the company's stock, valued at approximately $5,073,569.60. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $75.02, for a total value of $60,016.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $80.82, for a total transaction of $64,656.00.
• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $76.79, for a total value of $61,432.00.
• 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 transaction of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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 stock was sold at an average price of $76.33, for a total value 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 transaction 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 value of $95,430.00.

SEA Stock Up 3.0%

SE stock opened at $78.02 on Tuesday. The company's 50 day simple moving average is $94.01 and its 200-day simple moving average is $97.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a 52-week low of $71.53 and a 52-week high of $159.09. The firm has a market capitalization of $47.67 billion, a P/E ratio of 30.12, a P/E/G ratio of 0.83 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last issued 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 company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The company's quarterly revenue was up 48.3% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Investors Weigh In On SEA

A number of large investors have recently bought and sold shares of the stock. Fourier Capital Management Ltd purchased a new stake in shares of SEA during the third quarter worth $1,261,000. HighTower Advisors LLC raised its holdings in shares of SEA by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 64,338 shares of the Internet company based in Singapore's stock valued at $6,264,000 after acquiring an additional 244 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of SEA by 44.2% during the third quarter. Bessemer Group Inc. now owns 82,504 shares of the Internet company based in Singapore's stock worth $8,032,000 after purchasing an additional 25,278 shares in the last quarter. Hantz Financial Services Inc. lifted its position in SEA by 14.8% during the third quarter. Hantz Financial Services Inc. now owns 13,287 shares of the Internet company based in Singapore's stock valued at $1,294,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Wellington Grp LLC increased its holdings in shares of SEA by 90.1% in the 3rd quarter. Wellington Grp LLC now owns 12,975 shares of the Internet company based in Singapore's stock worth $1,263,000 after buying an additional 6,150 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SE has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating and set a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a report on Monday, July 20th. Barclays upped their price target on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Zacks Research raised SEA from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Finally, Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $137.73.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea's e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.

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