SEA (NYSE:SE) Insider Sells $169,125.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $112.75, for a total transaction of $169,125.00. Following the completion of the transaction, the insider owned 9,600 shares of the company’s stock, valued at approximately $1,082,400. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.29, for a total transaction of $169,935.00.
• On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.48, for a total transaction of $168,720.00.
• 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 transaction of $171,105.00.
• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.58, for a total transaction of $179,370.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.81, for a total value of $179,715.00.
• On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $115.93, for a total value of $173,895.00.
• On Friday, August 21st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.74, for a total value of $176,610.00.
• On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $117.90, for a total value 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 value 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 value of $183,360.00.

SEA Stock Up 1.2%

Shares of SE opened at $113.48 on Wednesday. The business’s 50 day moving average is $111.85 and its 200 day moving average is $97.11. 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 Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The company has a market capitalization of $69.34 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. Research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several large investors have recently modified their holdings of the stock. Woodline Partners LP purchased a new stake in SEA during the 1st quarter valued at $4,028,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after buying an additional 27,953 shares during the period. Captrust Financial Advisors boosted its stake in SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after buying an additional 1,084 shares during the period. State of Tennessee Department of Treasury increased its position in SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after acquiring an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc increased its position in SEA by 21.1% during the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after acquiring an additional 2,121 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

SE has been the subject of a number of research reports. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Barclays lifted their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.40.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.