SEA (NYSE:SE) Insider Sells $70,296.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $87.87, for a total transaction of $70,296.00. Following the transaction, the insider directly owned 10,800 shares of the company’s stock, valued at approximately $948,996. This represents a 6.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $86.34, for a total transaction of $69,072.00.
• On Monday, May 18th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $88.06, for a total transaction of $70,448.00.
• On Friday, May 15th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $88.58, for a total transaction of $70,864.00.
• On Wednesday, May 13th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $94.63, for a total transaction of $75,704.00.
• On Monday, May 11th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $83.74, for a total transaction of $66,992.00.
• On Friday, May 8th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $86.79, for a total transaction of $69,432.00.
• On Wednesday, May 6th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $88.38, for a total transaction of $70,704.00.
• On Monday, May 4th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $85.75, for a total transaction of $68,600.00.
• On Friday, May 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $86.13, for a total transaction of $68,904.00.
• On Wednesday, April 29th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $83.31, for a total transaction of $66,648.00.

SEA Price Performance

SE stock opened at $87.25 on Tuesday. 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. The stock has a market cap of $53.31 billion, a PE ratio of 34.35, a P/E/G ratio of 0.89 and a beta of 1.57. The firm has a 50 day simple moving average of $85.45 and a two-hundred day simple moving average of $109.85.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm earned $0.65 EPS. SEA’s quarterly revenue was up 46.6% on a year-over-year basis. On average, analysts predict that Sea Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently made changes to their positions in SE. Fred Alger Management LLC boosted its stake in shares of 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 purchasing an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd boosted its stake in shares of 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. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of 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. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of SEA in the 4th quarter valued at $26,282,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of 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. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SE shares. Sanford C. Bernstein cut their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Barclays boosted their price target on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. cut their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, Bank of America reissued a “buy” rating and issued a $125.00 price target on shares of SEA in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $158.41.

SEA Company Profile

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.