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

Key Points

• SEA insider Yanjun Wang sold 800 shares for $60,016 at an average price of $75.02, reducing their stake by 1.21%; Wang retained 65,580 shares.
• The article lists multiple additional sales by Wang in October and November, generally involving 800 shares per transaction.
• Analysts had a “Moderate Buy” consensus rating and an average price target of $137.73. Sea reported quarterly revenue of $7.79 billion, up 48.3% year over year, but EPS of $0.70 missed estimates of $0.86.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the company's stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $75.02, for a total transaction of $60,016.00. Following the transaction, the insider owned 65,580 shares in the company, valued at $4,919,811.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, November 9th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $78.32, for a total transaction of $62,656.00.
• 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 stock was sold at an average price of $74.58, for a total value 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 value 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%

Shares of NYSE SE opened at $78.02 on Tuesday. Sea Limited Sponsored ADR has a 1 year low of $71.53 and a 1 year high of $159.09. The firm's 50-day moving average is $94.01 and its 200-day moving average is $97.61. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $47.67 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm's revenue for the quarter was up 48.3% on a year-over-year basis. Equities analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Wall Street Analysts Forecast Growth

SE has been the subject of several analyst reports. TD Cowen restated a "hold" rating and set a $115.00 target price (up from $100.00) on shares of SEA in a research report on Monday, August 17th. 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, October 26th. Barclays lifted their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada upgraded shares of SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. Finally, Arete Research raised shares of SEA from a "neutral" rating to a "buy" rating and set a $152.00 target price for the company in a research note on Monday, September 7th. One research 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. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.73.

Institutional Inflows and Outflows

A number of 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 during the second quarter worth about $140,501,000. Public Employees Retirement System of Ohio acquired a new position in shares of SEA in the 2nd quarter valued at approximately $37,527,000. Assenagon Asset Management S.A. increased its stake in SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock worth $54,881,000 after purchasing an additional 251,517 shares in the last quarter. Matthews International Capital Management LLC bought a new stake in SEA during the 3rd quarter worth approximately $13,752,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in SEA during the 2nd quarter worth approximately $12,410,000. 59.53% of the stock is owned by institutional investors and hedge funds.

About SEA

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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