Yanjun Wang Sells 1,500 Shares of SEA (NYSE:SE) Stock

Key Points

• SEA insider Yanjun Wang sold 1,500 shares on August 24 at an average price of $115.93, generating $173,895. The sale reduced Wang’s direct holdings by 5.75% to 24,600 shares.
• Wang has conducted a series of sales since July 30, consistently selling 1,200–1,500 shares per transaction. SEA shares opened at $115.71, with the stock down 1.5% and trading well below its 52-week high of $199.30.
• SEA’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, exceeding estimates, but EPS of $0.70 missed the $0.86 consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $151.90.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $115.93, for a total value of $173,895.00. Following the completion of the transaction, the insider directly owned 24,600 shares of the company's stock, valued at approximately $2,851,878. The trade was a 5.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 21st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.74, for a total value of $176,610.00.
• On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $117.90, for a total transaction of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.88, for a total value of $179,820.00.
• On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $122.24, for a total value of $183,360.00.
• On Wednesday, August 12th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $128.66, for a total value of $192,990.00.
• On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.58, for a total transaction of $171,870.00.
• On Friday, August 7th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.00, for a total value of $169,500.00.
• On Wednesday, August 5th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.27, for a total transaction of $169,905.00.
• On Monday, August 3rd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $109.81, for a total transaction of $164,715.00.
• On Thursday, July 30th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $105.39, for a total transaction of $126,468.00.

SEA Stock Down 1.5%

SE stock opened at $115.71 on Tuesday. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The firm has a market cap of $70.70 billion, a PE ratio of 44.68, a P/E/G ratio of 1.18 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The firm's fifty day moving average is $106.52 and its 200 day moving average is $96.65.

SEA (NYSE:SE - Get Free Report) last announced 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 analysts' consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm's quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. On average, research analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Trading of SEA

Large investors have recently bought and sold shares of the stock. Capstone Capital Management Ltd acquired a new stake in SEA during the 1st quarter worth $1,612,000. Ramirez Asset Management Inc. bought a new stake in shares of SEA in the 4th quarter valued at about $3,560,000. Equitable Trust Co. boosted its holdings in shares of SEA by 30.9% during the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore's stock worth $15,532,000 after buying an additional 44,252 shares during the period. Charles Lim Capital Ltd lifted its holdings in shares of SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock worth $95,678,000 after buying an additional 475,000 shares in the last quarter. Finally, Rathbones Group PLC boosted its holdings in SEA by 78.6% in the 4th quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore's stock valued at $2,808,000 after purchasing an additional 9,688 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SE has been the topic of several research analyst reports. TD Cowen reissued a "hold" rating on shares of SEA in a research note on Monday, August 17th. Benchmark lifted their price objective on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reiterated 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 report on Wednesday, August 12th. Finally, Barclays increased 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus price target of $151.90.

About SEA

Sea Limited NYSE: SE is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea's digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.

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