SEA (NYSE:SE) Insider Sells $119,580.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $99.65, for a total value of $119,580.00. Following the completion of the transaction, the insider owned 25,300 shares of the company’s stock, valued at $2,521,145. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 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 value 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 value of $169,995.00.
• On Thursday, July 9th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.85, for a total value of $129,420.00.
• On Monday, July 6th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $104.67, for a total value of $125,604.00.
• On Wednesday, July 1st, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.60, for a total value of $120,720.00.
• On Monday, June 29th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $92.59, for a total transaction of $92,590.00.
• On Thursday, June 25th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.22, for a total transaction of $90,220.00.

SEA Price Performance

Shares of SE opened at $106.23 on Friday. The company has a market cap of $64.91 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.04 and a beta of 1.55. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company’s fifty day simple moving average is $96.70 and its 200 day simple moving average is $97.27. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue was up 46.6% compared to the same quarter last year. 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 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Barclays raised their price objective on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.

Hedge Funds Weigh In On SEA

Several large investors have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares during the last quarter. SG Americas Securities LLC grew its stake in SEA by 5.7% in the 1st 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 buying an additional 88,431 shares during the last quarter. Charles Lim Capital Ltd grew its stake in SEA by 172.7% in the 4th 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 buying an additional 475,000 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in 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 acquiring an additional 175,746 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in SEA in the 4th quarter valued at about $26,282,000. 59.53% of the stock is owned by institutional investors.

SEA Company Profile

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.