Insider Selling: SEA (NYSE:SE) Insider Sells $179,370.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $119.58, for a total value of $179,370.00. Following the completion of the sale, the insider owned 18,600 shares of the company’s stock, valued at $2,224,188. This trade represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.07, for a total value of $171,105.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were 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 stock was sold at an average price of $117.74, for a total transaction 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 transaction 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 transaction 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 transaction of $183,360.00.
• On Wednesday, August 12th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $128.66, for a total transaction of $192,990.00.
• 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 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.

SEA Stock Performance

NYSE:SE opened at $112.74 on Thursday. The company has a market cap of $68.89 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a fifty day moving average price of $110.22 and a 200-day moving average price of $97.00.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm 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, equities analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Morgan Stanley restated an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. JPMorgan Chase & Co. reduced their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Benchmark lifted their price target on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $149.11.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT boosted its position in SEA by 539.6% in 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 buying an additional 259 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after acquiring an additional 174 shares in the last quarter. Independence Bank of Kentucky grew its position in 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 worth $123,000 after acquiring an additional 1,100 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after acquiring an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new position in SEA in the 4th quarter worth about $175,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.