SEA (NYSE:SE) Insider Sells $171,870.00 in Stock

Key Points

• SEA insider Yanjun Wang sold 1,500 shares at an average price of $114.58, generating $171,870. Following the transaction, Wang retained 10,000 shares, a 13.04% reduction in the position.
• Wang has made multiple SEA sales since July, totaling several thousand shares, as the stock has risen from prices below $100 to around $115.
• SEA reported quarterly revenue of $7.10 billion, up 46.6% year over year and above estimates, but earnings per share of $0.67 missed the $0.75 consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $154.81.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $114.58, for a total transaction of $171,870.00. Following the sale, the insider owned 10,000 shares of the company's stock, valued at $1,145,800. This represents a 13.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $169,905.00.
• On Monday, August 3rd, Yanjun Wang sold 1,500 shares of SEA stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was 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 stock was 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 shares were 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

Shares of SE opened at $114.81 on Tuesday. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The stock has a market cap of $70.15 billion, a PE ratio of 45.20, a P/E/G ratio of 1.09 and a beta of 1.54. The firm has a 50-day simple moving average of $99.67 and a two-hundred day simple moving average 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 data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business's revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. As a group, analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT grew its position in shares of 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 worth $39,000 after buying an additional 259 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of SEA by 26.5% during 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 holdings in 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 valued at $144,000 after acquiring an additional 573 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in SEA in the fourth quarter valued at approximately $175,000. Finally, EverSource Wealth Advisors LLC lifted its stake in SEA by 43.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore's stock worth $206,000 after acquiring an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. Zacks Research upgraded SEA from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. JPMorgan Chase & Co. lowered their target price on SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. Barclays lifted their target price on SEA from $120.00 to $122.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. TD Cowen cut their price target on shares of SEA from $108.00 to $100.00 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average 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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