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 SEA stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $107.85, for a total value of $129,420.00. Following the completion of the sale, the insider directly owned 40,000 shares in the company, valued at $4,314,000. This represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 stock was 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 value 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 value of $90,220.00.
• On Wednesday, June 10th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $82.36, for a total value of $65,888.00.
• On Monday, June 8th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $84.39, for a total transaction of $67,512.00.
• On Friday, June 5th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $87.20, for a total transaction of $69,760.00.
• On Wednesday, June 3rd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $90.53, for a total transaction of $72,424.00.
• On Monday, June 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $96.11, for a total transaction of $76,888.00.
• On Thursday, May 28th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $91.98, for a total transaction of $73,584.00.

SEA Trading Up 3.7%

SEA stock opened at $109.17 on Friday. The company has a market cap of $66.71 billion, a price-to-earnings ratio of 42.98, a P/E/G ratio of 1.02 and a beta of 1.55. The firm has a 50-day moving average of $91.17 and a 200-day moving average of $99.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the firm posted $0.65 EPS. SEA’s revenue was up 46.6% compared to the same quarter last year. On average, equities analysts expect that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fred Alger Management LLC grew its holdings in SEA by 22.1% in the 3rd 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 buying an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings in shares of SEA by 172.7% during 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 buying an additional 475,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of SEA by 24.4% in the fourth 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 acquiring an additional 350,840 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of SEA in the fourth quarter valued at about $26,282,000. Finally, State of Tennessee Department of Treasury grew its stake in shares of SEA by 32.4% in the fourth 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 in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SE has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. 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. Barclays boosted their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $155.54.

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.