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

Key Points

• SEA insider Yanjun Wang sold 1,500 shares at an average price of $112.75, generating $169,125. Following the transaction, Wang owned 9,600 shares, and the sale reduced their holdings by 13.51%.
• Wang has made a series of similar sales, selling 1,500 shares on each of 10 additional occasions from August 14 through September 4, at prices ranging from $113.29 to $122.24.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but earnings of $0.70 per share missed expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $149.40.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $112.75, for a total transaction of $169,125.00. Following the sale, the insider directly owned 9,600 shares in the company, valued at $1,082,400. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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.
• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.58, for a total transaction of $179,370.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.81, for a total transaction of $179,715.00.
• On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $115.93, for a total transaction of $173,895.00.
• 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 shares were sold at an average price of $117.90, for a total value of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was 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 stock was sold at an average price of $122.24, for a total value of $183,360.00.

SEA Stock Up 1.2%

SE stock opened at $113.48 on Wednesday. The stock has a market capitalization of $69.34 billion, a P/E ratio of 43.82, a P/E/G ratio of 1.12 and a beta of 1.51. 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 Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The business has a fifty day moving average price of $111.85 and a 200-day moving average price of $97.11.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 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 business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. SEA's quarterly revenue was up 48.3% compared to the same quarter last year. Equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SE. Zacks Research lowered shares of SEA from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. TD Cowen restated a "hold" rating on shares of SEA in a research report on Monday, August 17th. Arete Research set a $152.00 target price on shares of SEA and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday. Finally, Benchmark boosted their target price 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. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, SEA presently has an average 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 bought and sold shares of the stock. Zions Bancorporation National Association UT grew its holdings in SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock valued at $39,000 after purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after buying an additional 174 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock worth $144,000 after buying an additional 573 shares during the period. Independence Bank of Kentucky lifted its position in shares of SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock valued at $123,000 after buying an additional 1,100 shares in the last quarter. Finally, Osbon Capital Management LLC purchased a new position in shares of SEA during the 4th quarter valued at about $175,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.