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

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,500 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $113.29, for a total transaction of $169,935.00. Following the completion of the transaction, the insider directly owned 11,100 shares of the company’s stock, valued at approximately $1,257,519. The trade was a 11.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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.
• On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.48, for a total value of $168,720.00.
• On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.07, for a total value of $171,105.00.
• On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was 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 transaction of $176,850.00.
• On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.88, for a total transaction of $179,820.00.
• On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $122.24, for a total transaction of $183,360.00.

SEA Stock Performance

Shares of SE opened at $113.48 on Wednesday. The stock has a market capitalization of $69.34 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 1.12 and a beta of 1.51. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The firm has a fifty day simple moving average of $111.85 and a 200 day simple moving average of $97.11. 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 issued its quarterly earnings results 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). SEA had a return on equity of 13.54% and a net margin of 5.98%.The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in shares of SEA by 9,247.9% in the second quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock valued at $3,802,336,000 after purchasing an additional 39,253,472 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after buying an additional 88,431 shares during the period. Carrhae Capital LLP bought a new position in SEA in the 2nd quarter valued at about $140,501,000. Baird Financial Group Inc. lifted its position in SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after acquiring an additional 50,965 shares during the last quarter. Finally, Charles Lim Capital Ltd boosted its holdings in shares of SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after acquiring an additional 475,000 shares during the period. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Barclays increased their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.40.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.