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

Key Points

• Insider selling: Yanjun Wang sold 1,200 SEA shares at an average price of $100.04 for $120,048, reducing the insider’s position by 1.28% to 92,780 shares. Wang has made several additional SEA sales throughout September.
• Financial performance: SEA’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, exceeding estimates, while adjusted earnings per share of $0.70 fell short of the $0.86 consensus forecast.
• Market and analyst view: SEA opened at $98.95, with a market capitalization of approximately $60.46 billion. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $149.40, while institutional investors own 59.53% of the stock.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,200 shares of the company's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $100.04, for a total value of $120,048.00. Following the transaction, the insider directly owned 92,780 shares in the company, valued at $9,281,711.20. This trade represents a 1.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $98,650.00.
• 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 value 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 value of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were 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 transaction of $124,608.00.
• On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.32, for a total transaction of $162,480.00.
• On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were 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 shares were sold at an average price of $113.29, for a total value of $169,935.00.

SEA Stock Down 0.6%

Shares of SEA stock opened at $98.95 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $193.48. The business has a fifty day simple moving average of $111.02 and a 200 day simple moving average of $97.32. The stock has a market cap of $60.46 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last released 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 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 EPS. The company's quarterly revenue was up 48.3% compared to the same quarter last year. Research analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Carrhae Capital LLP bought a new position in shares of SEA during the second quarter worth about $140,501,000. SG Americas Securities LLC raised its holdings in shares of SEA by 5.7% in the first 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 last quarter. Charles Lim Capital Ltd raised its holdings in shares of 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. Baird Financial Group Inc. lifted its position in shares of SEA by 6.2% in the second 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 in the last quarter. Finally, Carmignac Gestion lifted its position in shares of SEA by 2.2% in the second 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 in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a report on Monday, September 7th. Zacks Research lowered shares of SEA from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a report on Monday, July 20th. Finally, TD Cowen restated a "hold" rating on shares of SEA in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

SEA Company Profile

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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