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

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $100.04, for a total transaction of $120,048.00. Following the transaction, the insider directly owned 92,780 shares of the company’s stock, valued at $9,281,711.20. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $98.65, for a total transaction of $98,650.00.
• 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 transaction 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 stock was sold at an average price of $101.55, for a total value 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 value 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 value 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 transaction 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 transaction of $169,125.00.
• On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $113.29, for a total transaction of $169,935.00.

SEA Price Performance

NYSE:SE opened at $97.40 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $193.48. The stock’s 50-day moving average price is $110.71 and its 200-day moving average price is $97.48. The stock has a market capitalization of $59.52 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. raised its holdings in SEA by 15.7% in the 2nd 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 last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of SEA by 14.1% during 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 during the last quarter. MCF Advisors LLC boosted its holdings 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 worth $495,000 after purchasing an additional 2,917 shares during the last quarter. Whetstone Capital Advisors LLC purchased a new stake in shares of SEA in the second quarter valued at approximately $8,191,000. Finally, National Pension Service grew 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 valued at $58,019,000 after purchasing an additional 54,819 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Barclays lifted their target price on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Arete Research set a $152.00 target price on SEA and gave the company a “buy” rating in a research report on Monday, September 7th. Finally, TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $149.40.

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.