SEA (NYSE:SE) Stock: Insider Yanjun Wang Sells 1,200 Shares

Key Points

• Insider sale: Yanjun Wang sold 1,200 SEA shares at an average price of $102.76, totaling $123,312. Following the transaction, Wang retained 95,180 shares; the sale reduced the position by 1.25%.
• Continued selling: Wang has made multiple SEA sales since August 31, totaling several thousand shares, generally as the stock declined from roughly $114 to $103.
• Mixed outlook: SEA reported 48.3% year-over-year revenue growth to $7.79 billion but missed earnings expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $149.40, versus a recent share price near $100.84.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,200 shares of the company's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $102.76, for a total value of $123,312.00. Following the completion of the sale, the insider directly owned 95,180 shares of the company's stock, valued at $9,780,696.80. The trade was a 1.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 value 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 transaction 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.
• On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.29, for a total transaction of $169,935.00.
• On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.48, for a total transaction of $168,720.00.
• 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 transaction of $171,105.00.

SEA Stock Performance

Shares of SE stock opened at $100.84 on Friday. 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 Limited Sponsored ADR has a one year low of $77.05 and a one year high of $193.48. The company's 50-day simple moving average is $111.24 and its 200-day simple moving average is $97.18. The stock has a market capitalization of $61.61 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 1.04 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last announced 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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The firm's quarterly revenue was up 48.3% compared to the same quarter last year. Equities analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Barclays upped their target price on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Zacks Research lowered SEA from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research report on Monday, July 20th. Finally, Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $149.40.

Hedge Funds Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Carrhae Capital LLP acquired a new stake in shares of SEA in the second quarter worth $140,501,000. SG Americas Securities LLC lifted its stake 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 worth $135,999,000 after acquiring an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd boosted 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 worth $95,678,000 after acquiring an additional 475,000 shares during the period. Baird Financial Group Inc. boosted its position 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 acquiring an additional 50,965 shares during the period. Finally, Carmignac Gestion grew its stake 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 valued at $62,349,000 after acquiring an additional 14,242 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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