Key Points
- Sea Limited COO Gang Ye sold 10,000 shares on May 20 at an average price of $86.35, for proceeds of $863,500. After the sale, he still held 260,000 shares valued at about $22.45 million.
- This was part of a recent string of insider sales, with Ye repeatedly selling 10,000 shares in multiple transactions over the prior few weeks, reducing his ownership by 3.7% in this latest trade.
- Sea recently reported mixed quarterly results: revenue topped expectations at $7.10 billion and rose 46.6% year over year, but EPS of $0.67 missed estimates. Analysts still view the stock positively overall, with a consensus rating of “Moderate Buy.”
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $86.34, for a total value of $69,072.00. Following the completion of the sale, the insider owned 12,400 shares of the company's stock, valued at approximately $1,070,616. This trade represents a 6.06% 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 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 value 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 value of $70,864.00.
- 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 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 stock was 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 stock was 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 stock was 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.
- On Monday, April 27th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $85.92, for a total transaction of $68,736.00.
SEA Price Performance
SE stock opened at $88.94 on Friday. 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 1 year low of $77.05 and a 1 year high of $199.30. The firm has a 50-day moving average of $85.42 and a 200 day moving average of $110.83. The company has a market cap of $54.35 billion, a P/E ratio of 35.02, a PEG ratio of 0.88 and a beta of 1.57.
SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue was up 46.6% compared to the same quarter last year. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.39 EPS for the current year.
Institutional Investors Weigh In On SEA
Several institutional investors have recently modified their holdings of SE. Venturi Wealth Management LLC increased its holdings in SEA by 1.9% in the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore's stock worth $664,000 after buying an additional 98 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in SEA by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore's stock valued at $1,033,000 after acquiring an additional 103 shares during the period. Rothschild Investment LLC boosted its holdings in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore's stock valued at $36,000 after acquiring an additional 106 shares during the last quarter. Cloud Capital Management LLC grew its stake in shares of SEA by 8.0% in the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore's stock worth $255,000 after acquiring an additional 148 shares during the period. Finally, SlateStone Wealth LLC grew its stake in shares of SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore's stock worth $3,967,000 after acquiring an additional 150 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Bank of America reiterated a "buy" rating and issued a $125.00 price objective on shares of SEA in a report on Monday, March 9th. Barclays boosted their target price on shares of SEA from $120.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. Jefferies Financial Group reiterated a "buy" rating on shares of SEA in a research note on Tuesday, May 12th. Sanford C. Bernstein lowered their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, March 4th. Finally, TD Cowen boosted their price objective on shares of SEA from $100.00 to $108.00 and gave the stock a "hold" rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.41.
Get Our Latest Research Report on SE
About SEA
(
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.
Further Reading
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