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

Key Points

• SEA insider Yanjun Wang sold 800 shares on October 26 at an average price of $73.77, generating $59,016. Following the sale, Wang retained 72,780 shares valued at approximately $5.37 million.
• Wang has made a series of insider sales since October 2, selling a total of 10,600 shares as SEA’s price declined from roughly $95–$97 to $73.77.
• SEA shares opened at $73.95, near their 12-month low of $71.53 and well below the 12-month high of $164.03. Analysts maintain a “Moderate Buy” consensus with an average price target of $142.18, despite the company’s latest quarterly EPS missing estimates while revenue rose 48.3% year over year.

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, October 26th. The stock was sold at an average price of $73.77, for a total transaction of $59,016.00. Following the transaction, the insider owned 72,780 shares of the company's stock, valued at $5,368,980.60. This represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 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 transaction 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 shares were 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 stock was sold at an average price of $95.49, for a total transaction of $95,490.00.
• On Monday, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.87, for a total transaction of $95,870.00.
• On Friday, October 9th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.37, for a total transaction of $95,370.00.
• On Wednesday, October 7th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were 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 stock was sold at an average price of $95.15, for a total value of $95,150.00.

SEA Stock Performance

Shares of SE stock opened at $73.95 on Tuesday. Sea Limited Sponsored ADR has a 12-month low of $71.53 and a 12-month high of $164.03. The firm has a market capitalization of $45.19 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. The business has a 50 day simple moving average of $102.50 and a 200 day simple moving average of $100.20. 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 (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 for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm earned $0.65 EPS. The firm's revenue was up 48.3% on a year-over-year basis. On average, equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Hedge Funds Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Carrhae Capital LLP acquired a new stake in SEA during the second quarter valued at approximately $140,501,000. Public Employees Retirement System of Ohio bought a new position in shares of SEA in the second quarter valued at $37,527,000. Assenagon Asset Management S.A. increased its holdings in shares of SEA by 80.6% in the third quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock valued at $54,881,000 after buying an additional 251,517 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SEA during the 2nd quarter valued at $12,410,000. Finally, Ninety One North America Inc. acquired a new stake in shares of SEA during the 3rd quarter valued at $9,734,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SE. Arete Research set a $152.00 price objective on shares of SEA and gave the stock a "buy" rating in a report on Monday, September 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. New Street Research downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research report on Monday. Finally, Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.18.

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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