SEA (NYSE:SE) Shares Down 4.7% on Insider Selling

Key Points

• SEA shares fell 4.7% to about $89.33 after insider Yanjun Wang disclosed three sales totaling 3,000 shares at prices between $95.43 and $95.87.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $149.40; Benchmark and Barclays recently raised their targets.
• SEA reported strong revenue growth of 48.3% year over year to $7.79 billion, though quarterly EPS of $0.70 missed the $0.86 consensus estimate. Institutional investors own approximately 59.5% of the company.

Shares of Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) traded down 4.7% during mid-day trading on Monday following insider selling activity. The stock traded as low as $88.00 and last traded at $89.3270. 893,806 shares changed hands during trading, a decline of 81% from the average daily volume of 4,751,232 shares. The stock had previously closed at $93.77.

Specifically, insider Yanjun Wang sold 1,000 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $95.43, for a total value of $95,430.00. Following the transaction, the insider directly owned 77,780 shares of the company's stock, valued at approximately $7,422,545.40. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yanjun Wang sold 1,000 shares of the firm's stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $95.49, for a total value of $95,490.00. Following the completion of the transaction, the insider owned 78,780 shares of the company's stock, valued at approximately $7,522,702.20. The trade was a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In related news, insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $95.87, for a total transaction of $95,870.00. Following the completion of the sale, the insider owned 80,780 shares of the company's stock, valued at $7,744,378.60. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SE. Weiss Ratings upgraded shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. 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. 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. Barclays upped their price objective on shares of SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

SEA Stock Performance

The company has a market cap of $54.62 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. The firm's fifty day moving average is $107.71 and its 200 day moving average is $98.63. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE - Get Free Report) last announced its 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 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 quarter last year, the business earned $0.65 EPS. The firm's revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, research analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

Institutional investors have recently bought and sold shares of the company. Carrhae Capital LLP acquired a new position in shares of SEA during the second quarter valued at approximately $140,501,000. SG Americas Securities LLC boosted its stake 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 worth $135,999,000 after acquiring an additional 88,431 shares during the last quarter. Baird Financial Group Inc. boosted its stake 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 acquiring an additional 50,965 shares during the last quarter. Carmignac Gestion increased its position in shares of SEA by 2.2% during 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. Finally, National Pension Service increased its position in shares of SEA by 10.0% during the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore's stock worth $58,019,000 after purchasing an additional 54,819 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea's e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company's digital financial services division.

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