Yanjun Wang Sells 800 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $82.98, for a total transaction of $66,384.00. Following the completion of the transaction, the insider owned 27,600 shares in the company, valued at approximately $2,290,248. This trade represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $82.66, for a total transaction of $66,128.00.
• On Wednesday, March 25th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $81.96, for a total transaction of $65,568.00.
• On Monday, March 23rd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $80.12, for a total transaction of $64,096.00.
• On Friday, March 20th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $79.63, for a total transaction of $63,704.00.
• On Wednesday, March 18th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.10, for a total transaction of $68,080.00.

SEA Price Performance

Shares of NYSE SE opened at $85.45 on Friday. The stock has a market capitalization of $50.34 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 0.79 and a beta of 1.69. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The firm’s 50 day simple moving average is $95.61 and its 200-day simple moving average is $128.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.SEA’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 target price on shares of SEA in a research report on Tuesday, March 3rd. Bank of America reissued a “buy” rating and issued a $125.00 price target on shares of SEA in a report on Monday, March 9th. Sanford C. Bernstein decreased their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, Wedbush decreased their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $166.83.

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fred Alger Management LLC lifted its holdings in SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings 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 purchasing an additional 475,000 shares in the last quarter. State of Tennessee Department of Treasury lifted 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 purchasing an additional 175,746 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in SEA in the 4th quarter valued at $26,282,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.