Yanjun Wang Sells 1,500 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $114.07, for a total transaction of $171,105.00. Following the completion of the sale, the insider directly owned 17,100 shares in the company, valued at $1,950,597. This trade represents a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.58, for a total value of $179,370.00.
• On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.81, for a total value of $179,715.00.
• On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $115.93, for a total value of $173,895.00.
• On Friday, August 21st, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $117.74, for a total value of $176,610.00.
• On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.90, for a total value of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.88, for a total value of $179,820.00.
• On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $122.24, for a total value of $183,360.00.
• On Wednesday, August 12th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $128.66, for a total value of $192,990.00.
• On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.58, for a total transaction of $171,870.00.
• On Friday, August 7th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.00, for a total transaction of $169,500.00.

SEA Price Performance

NYSE:SE opened at $113.08 on Friday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The firm has a market cap of $69.10 billion, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company’s 50-day moving average is $110.70 and its two-hundred day moving average is $97.05. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last posted its quarterly earnings data 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 firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 48.3% on a year-over-year basis. Research analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Benchmark increased their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.11.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Corient Private Wealth LP increased its stake in SEA by 61.4% during the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after acquiring an additional 10,099 shares during the last quarter. Wellington Grp LLC lifted its stake in shares of SEA by 123.6% in the 2nd quarter. Wellington Grp LLC now owns 6,825 shares of the Internet company based in Singapore’s stock valued at $654,000 after purchasing an additional 3,773 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of SEA by 25.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,253 shares of the Internet company based in Singapore’s stock worth $312,000 after purchasing an additional 652 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in shares of SEA during the 2nd quarter worth about $203,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.