SEA (NYSE:SE) Insider Yanjun Wang Sells 1,200 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $102.76, for a total value of $123,312.00. Following the sale, the insider owned 95,180 shares in the company, valued at $9,780,696.80. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.00, for a total transaction of $122,400.00.
• On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $101.55, for a total transaction of $121,860.00.
• On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $103.84, for a total transaction of $124,608.00.
• On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $108.32, for a total transaction of $162,480.00.
• On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.99, for a total transaction of $129,588.00.
• On Wednesday, September 9th, Yanjun Wang sold 1,320 shares of SEA stock. The stock was sold at an average price of $108.88, for a total transaction of $143,721.60.
• On Tuesday, September 8th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.75, for a total transaction of $169,125.00.
• 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 stock was 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.

SEA Stock Down 1.1%

Shares of NYSE SE opened at $99.66 on Friday. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $193.48. The firm has a 50-day simple moving average of $111.16 and a two-hundred day simple moving average of $97.20. The company has a market cap of $60.89 billion, a P/E ratio of 38.48, a PEG ratio of 1.01 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last released its 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 business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. Research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SE. SG Americas Securities LLC lifted its holdings in shares of 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 worth $135,999,000 after buying an additional 88,431 shares during the period. Carrhae Capital LLP purchased a new position in shares of SEA during the second quarter valued at $140,501,000. Baird Financial Group Inc. raised its holdings in shares of SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after acquiring an additional 50,965 shares in the last quarter. Charles Lim Capital Ltd lifted its stake in SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after acquiring an additional 475,000 shares during the period. Finally, Carmignac Gestion grew its holdings in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after acquiring an additional 14,242 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SE. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. TD Cowen reissued a “hold” rating on shares of SEA in a research note on Monday, August 17th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Finally, Arete Research set a $152.00 price target on shares of SEA and gave the stock a “buy” rating in a research note on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.