Key Points
- SEA insider Yanjun Wang sold 1,500 shares at an average price of $109.81, generating $164,715 and reducing their direct ownership by 7.89% to 17,500 shares. The sale follows several additional disposals totaling thousands of shares in July.
- SEA reported quarterly revenue of $7.10 billion, up 46.6% year over year and above estimates, but earnings per share of $0.67 missed the $0.75 consensus.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $154.81; institutional investors own 59.53% of the company.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $109.81, for a total value of $164,715.00. Following the transaction, the insider directly owned 17,500 shares in the company, valued at approximately $1,921,675. This trade represents a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Thursday, July 30th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $105.39, for a total value of $126,468.00.
- On Wednesday, July 29th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $108.70, for a total value of $163,050.00.
- On Monday, July 20th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $106.50, for a total value of $127,800.00.
- On Monday, July 27th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $104.08, for a total value of $124,896.00.
- On Friday, July 24th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $99.65, for a total value of $119,580.00.
- On Monday, July 13th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.35, for a total value of $168,525.00.
- On Friday, July 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.33, for a total transaction of $169,995.00.
- On Thursday, July 9th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $107.85, for a total transaction of $129,420.00.
- On Monday, July 6th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $104.67, for a total transaction of $125,604.00.
- On Wednesday, July 1st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $100.60, for a total transaction of $120,720.00.
SEA Stock Up 3.0%
SEA stock opened at $114.80 on Thursday. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The firm has a market capitalization of $70.15 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. The firm's fifty day moving average price is $98.44 and its two-hundred day moving average price is $96.81. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.
SEA (NYSE:SE - Get Free Report) last issued 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 analysts' consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm's quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, equities research analysts predict that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Barclays increased their price objective on SEA from $120.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. Zacks Research raised SEA from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. JPMorgan Chase & Co. cut their target price on SEA from $168.00 to $163.00 and set an "overweight" rating on the stock in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of SEA in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $154.81.
Get Our Latest Analysis on SE
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in 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 lifted its position 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 in the last quarter. Charles Lim Capital Ltd boosted its stake 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 buying an additional 475,000 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake 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 buying an additional 175,746 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of SEA in the fourth quarter valued at approximately $26,282,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
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