SEA (NYSE:SE) Insider Sells $62,656.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $78.32, for a total value of $62,656.00. Following the sale, the insider owned 64,780 shares of the company’s stock, valued at approximately $5,073,569.60. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $75.02, for a total transaction of $60,016.00.
• On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $80.82, for a total transaction of $64,656.00.
• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $76.79, for a total transaction of $61,432.00.
• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.58, for a total transaction of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00.
• On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $73.77, for a total value of $59,016.00.
• On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $76.33, for a total value of $61,064.00.
• On Tuesday, October 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $81.61, for a total value of $65,288.00.
• On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.37, for a total transaction of $90,370.00.
• On Friday, October 16th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.43, for a total transaction of $95,430.00.

SEA Price Performance

SEA stock opened at $78.02 on Tuesday. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 0.83 and a beta of 1.58. Sea Limited Sponsored ADR has a 52-week low of $71.53 and a 52-week high of $159.09. 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’s 50 day moving average price is $94.01 and its two-hundred day moving average price is $97.61.

SEA (NYSE:SE) last released 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 net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. On average, equities analysts predict that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SE. Carrhae Capital LLP acquired a new stake in shares of SEA during the second quarter worth about $140,501,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in SEA by 4.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock worth $120,826,000 after acquiring an additional 52,660 shares during the period. Baird Financial Group Inc. lifted its stake in shares of SEA by 6.2% in the 2nd 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 purchasing an additional 50,965 shares during the period. Carmignac Gestion grew its position in SEA by 2.2% during the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after buying an additional 14,242 shares during the period. Finally, National Pension Service raised its position in shares of SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after acquiring an additional 54,819 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. Benchmark lifted their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Arete Research raised shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Monday, September 7th. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. New Street Research lowered SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. reduced their price objective on SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.73.

About SEA

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.