SEA (NYSE:SE) Insider Sells $169,500.00 in Stock

Key Points

• SEA insider Yanjun Wang sold 1,500 shares at an average price of $113, generating $169,500 and reducing direct ownership by 11.54% to 11,500 shares. Wang has also reported multiple additional sales since July.
• SEA shares opened at $114.81, with a $70.15 billion market capitalization and a one-year trading range of $77.05 to $199.30. The company’s latest quarterly revenue rose 46.6% year over year to $7.10 billion, although earnings per share of $0.67 missed estimates.
• Wall Street maintains a “Moderate Buy” consensus, with one Strong Buy, nine Buy, and four Hold ratings; the average price target is $154.81, despite some analysts recently lowering their targets.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $113.00, for a total value of $169,500.00. Following the completion of the sale, the insider directly owned 11,500 shares in the company, valued at approximately $1,299,500. This represents a 11.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.58, for a total value of $171,870.00.
• On Wednesday, August 5th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.27, for a total value 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 value 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 value of $126,468.00.
• On Wednesday, July 29th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.70, for a total value of $163,050.00.
• On Monday, July 20th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $106.50, for a total value of $127,800.00.
• On Monday, July 27th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $104.08, for a total value of $124,896.00.
• On Friday, July 24th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $99.65, for a total value of $119,580.00.
• On Monday, July 13th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.35, for a total transaction of $168,525.00.
• On Friday, July 10th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.33, for a total transaction of $169,995.00.

SEA Price Performance

NYSE:SE opened at $114.81 on Tuesday. The stock has a market cap of $70.15 billion, a P/E ratio of 45.20, a PEG ratio of 1.09 and a beta of 1.54. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The company has a fifty day moving average price of $99.67 and a 200 day moving average price of $96.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.08). The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. SEA's revenue for the quarter was up 46.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Analysts anticipate that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Institutional Trading of SEA

Several institutional investors have recently bought and sold shares of SE. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 24.4% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore's stock valued at $228,549,000 after acquiring an additional 350,840 shares during the period. SG Americas Securities LLC lifted its holdings in shares of SEA by 5.7% during 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 acquiring an additional 88,431 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 valued at $95,678,000 after acquiring an additional 475,000 shares during the period. State of Tennessee Department of Treasury boosted its stake in shares of SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore's stock valued at $83,750,000 after purchasing an additional 175,746 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of SEA in the 4th quarter valued at $26,282,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SE shares. TD Cowen cut their price target on SEA from $108.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday, August 4th. Zacks Research raised SEA from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. Sanford C. Bernstein restated an "outperform" rating on shares of SEA in a research report on Monday, July 20th. JPMorgan Chase & Co. cut their target price on SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a research note on Thursday, May 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $154.81.

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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