Insider Selling: SEA (NYSE:SE) Insider Sells $97,670.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,000 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $97.67, for a total value of $97,670.00. Following the sale, the insider owned 89,780 shares of the company’s stock, valued at approximately $8,768,812.60. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $98.65, for a total value of $98,650.00.
• On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.04, for a total value of $120,048.00.
• On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.76, for a total value of $123,312.00.
• 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 value 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 stock was 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 shares were 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 value of $143,721.60.
• On Tuesday, September 8th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.75, for a total value of $169,125.00.

SEA Price Performance

SE opened at $97.40 on Thursday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $193.48. The firm has a 50-day moving average of $110.71 and a 200 day moving average of $97.48. 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 firm has a market cap of $59.52 billion, a P/E ratio of 37.61, a PEG ratio of 1.00 and a beta of 1.51.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share 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 company 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 earned $0.65 earnings per share. The firm’s revenue was up 48.3% on a year-over-year basis. On average, research analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Arete Research set a $152.00 price target on shares of SEA and gave the company a “buy” rating in a research report on Monday, September 7th. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, TD Cowen reiterated a “hold” rating on shares of SEA in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently modified their holdings of SE. QRG Capital Management Inc. boosted its position in shares of SEA by 15.7% in the second quarter. QRG Capital Management Inc. now owns 24,423 shares of the Internet company based in Singapore’s stock valued at $2,340,000 after acquiring an additional 3,313 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in SEA by 14.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,579 shares of the Internet company based in Singapore’s stock worth $918,000 after purchasing an additional 1,182 shares in the last quarter. MCF Advisors LLC grew its position in shares of SEA by 129.6% during the 2nd quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock valued at $495,000 after purchasing an additional 2,917 shares in the last quarter. Whetstone Capital Advisors LLC bought a new position in shares of SEA in the second quarter worth $8,191,000. 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 buying an additional 54,819 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

About SEA

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.