Key Points
- Insider selling: Yanjun Wang sold 800 shares of Sea Limited at an average price of $88.58, trimming the position by 5.13%. The filing notes Wang has also sold 800 shares multiple times in recent weeks.
- Strong revenue growth, but EPS missed: Sea reported Q1 earnings of $0.67 per share, below the $0.75 estimate, while revenue climbed 46.6% year over year to $7.10 billion and beat expectations. The company continues to show solid operational growth despite the earnings miss.
- Wall Street remains mostly positive: Analysts currently rate SEA a Moderate Buy, with a consensus target price of $158.41. Recent reports from firms like Morgan Stanley, TD Cowen, and Jefferies show continued interest in the stock.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $88.58, for a total value of $70,864.00. Following the completion of the sale, the insider owned 14,800 shares of the company's stock, valued at approximately $1,310,984. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Yanjun Wang also recently made the following trade(s):
- On Wednesday, May 13th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $94.63, for a total value of $75,704.00.
- On Monday, May 11th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $83.74, for a total value of $66,992.00.
- On Friday, May 8th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $86.79, for a total value of $69,432.00.
- On Wednesday, May 6th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $88.38, for a total value of $70,704.00.
- On Monday, May 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.75, for a total value of $68,600.00.
- On Friday, May 1st, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $86.13, for a total value of $68,904.00.
- On Wednesday, April 29th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $83.31, for a total value of $66,648.00.
- On Monday, April 27th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $85.92, for a total value of $68,736.00.
- On Friday, April 24th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $84.58, for a total value of $67,664.00.
- On Wednesday, April 22nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $86.01, for a total value of $68,808.00.
SEA Stock Up 0.0%
Shares of NYSE:SE opened at $88.24 on Tuesday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The firm has a market capitalization of $53.91 billion, a P/E ratio of 34.74, a P/E/G ratio of 0.90 and a beta of 1.57. The stock has a 50 day moving average price of $85.60 and a 200-day moving average price of $112.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58.
SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm's revenue was up 46.6% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SE shares. Morgan Stanley set a $121.00 target price on SEA and gave the stock an "overweight" rating in a research report on Friday, March 13th. TD Cowen raised their price objective on SEA from $100.00 to $108.00 and gave the company a "hold" rating in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SEA in a research report on Friday, March 27th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. Finally, Sanford C. Bernstein reduced their price objective on SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $158.41.
Read Our Latest Report on SE
Institutional Trading of SEA
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fred Alger Management LLC increased its holdings 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 worth $515,894,000 after purchasing an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings 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 worth $228,549,000 after purchasing an additional 350,840 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of SEA by 5.7% in 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 purchasing an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd increased its holdings 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 worth $95,678,000 after purchasing an additional 475,000 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings 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 worth $83,750,000 after purchasing an additional 175,746 shares in the last quarter. Institutional investors own 59.53% of the company's stock.
Key SEA News
Here are the key news stories impacting SEA this week:
SEA Company Profile
(
Get Free Report)
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.
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