Key Points
- Sea Limited COO Gang Ye sold 10,000 shares on June 5 at an average price of $87.21, totaling $872,100. After the sale, he still held 150,000 shares, a 6.25% reduction in ownership.
- This was part of a series of recent insider sales by Ye, who has sold 10,000 shares in multiple transactions throughout May and early June at prices ranging roughly from $86 to $96 per share.
- Sea Limited’s stock was trading around $84.57 and remains well below its 52-week high of $199.30, while analysts currently rate the stock a Moderate Buy with a consensus target price of $155.54.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $87.20, for a total value of $69,760.00. Following the completion of the transaction, the insider owned 3,600 shares of the company's stock, valued at $313,920. This trade represents a 18.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Wednesday, June 3rd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $90.53, for a total value of $72,424.00.
- On Monday, June 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $96.11, for a total transaction of $76,888.00.
- On Thursday, May 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $91.98, for a total transaction of $73,584.00.
- On Tuesday, May 26th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $89.45, for a total transaction of $71,560.00.
- On Friday, May 22nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $87.87, for a total transaction of $70,296.00.
- On Wednesday, May 20th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $86.34, for a total transaction of $69,072.00.
- On Monday, May 18th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $88.06, for a total transaction 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 transaction of $70,864.00.
- On Wednesday, May 13th, Yanjun Wang sold 800 shares of SEA stock. The shares were 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.
SEA Stock Performance
Shares of SE stock opened at $84.57 on Tuesday. The company has a market capitalization of $51.68 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 0.90 and a beta of 1.57. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock's fifty day simple moving average is $87.07 and its 200-day simple moving average is $105.84.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $7.10 billion during the quarter, compared to analysts' expectations of $6.46 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The firm's revenue was up 46.6% on a year-over-year basis. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts recently commented on the stock. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an "overweight" rating in a report on Friday, March 13th. JPMorgan Chase & Co. decreased their target price on shares of SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a research note on Thursday, May 14th. Bank of America reissued a "buy" rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Weiss Ratings restated a "hold (c-)" rating on shares of SEA in a report on Friday, March 27th. Finally, Sanford C. Bernstein dropped their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.54.
Get Our Latest Stock Report on SE
Institutional Investors Weigh In On SEA
Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Fred Alger Management LLC boosted its position in SEA by 22.1% during the third 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 during the period. Charles Lim Capital Ltd raised its position in shares of SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock valued at $95,678,000 after purchasing an additional 475,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of SEA by 24.4% in the fourth 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 buying an additional 350,840 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of SEA in the fourth quarter worth $26,282,000. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of SEA by 32.4% during 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 buying an additional 175,746 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.
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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