Insider Selling: SEA (NYSE:SE) Insider Sells $64,656.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 800 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $80.82, for a total value of $64,656.00. Following the transaction, the insider owned 67,180 shares in the company, valued at $5,429,487.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $76.79, for a total value of $61,432.00.
• On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.58, for a total value of $59,664.00.
• On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.69, for a total value of $59,752.00.
• On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $73.77, for a total value of $59,016.00.
• On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $76.33, for a total value of $61,064.00.
• On Tuesday, October 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $81.61, for a total value of $65,288.00.
• On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.37, for a total value of $90,370.00.
• On Friday, October 16th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.43, for a total value of $95,430.00.
• On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.49, for a total value of $95,490.00.
• On Monday, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.87, for a total transaction of $95,870.00.

SEA Stock Down 5.7%

SE opened at $75.65 on Friday. Sea Limited Sponsored ADR has a fifty-two week low of $71.53 and a fifty-two week high of $159.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The firm’s fifty day moving average price is $95.71 and its two-hundred day moving average price is $98.05. The company has a market capitalization of $46.23 billion, a P/E ratio of 29.21, a P/E/G ratio of 0.83 and a beta of 1.58.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (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 the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. On average, analysts anticipate that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently made changes to their positions in SE. Carrhae Capital LLP bought a new stake in shares of SEA in the 2nd quarter worth about $140,501,000. Public Employees Retirement System of Ohio acquired a new stake in shares of SEA during the 2nd quarter worth about $37,527,000. Assenagon Asset Management S.A. increased its position in shares of SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after purchasing an additional 251,517 shares in the last quarter. Matthews International Capital Management LLC bought a new position in SEA during the 3rd quarter valued at about $13,752,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in SEA during the 2nd quarter valued at about $12,410,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

SE has been the subject of several recent research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Benchmark lifted their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Barclays lifted their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen reiterated a “hold” rating and issued a $115.00 price objective (up from $100.00) on shares of SEA in a research note on Monday, August 17th. Finally, Arete Research raised SEA from a “neutral” rating to a “buy” rating and set a $152.00 target price for the company in a report on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.73.

SEA Company Profile

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.