Key Points
- SEA insider Yanjun Wang sold 1,500 shares at an average price of $114.07, generating $171,105. Following the transaction, Wang owned 17,100 shares, an 8.06% reduction in the position, and had made nine similar sales since August 7.
- SEA shares opened at $112.74, with a market capitalization of $68.89 billion and a 52-week range of $77.05 to $199.30. The company’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, though EPS of $0.70 missed estimates by $0.16.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $149.11. Recent targets include $156 from Barclays and $153 from Morgan Stanley, although Zacks Research downgraded the stock to “strong sell.”
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,500 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $114.07, for a total transaction of $171,105.00. Following the completion of the transaction, the insider directly owned 17,100 shares of the company's stock, valued at approximately $1,950,597. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.58, for a total transaction of $179,370.00.
- On Wednesday, August 26th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $119.81, for a total transaction of $179,715.00.
- On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $115.93, for a total transaction of $173,895.00.
- On Friday, August 21st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.74, for a total value of $176,610.00.
- On Wednesday, August 19th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $117.90, for a total value of $176,850.00.
- On Monday, August 17th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.88, for a total value of $179,820.00.
- On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $122.24, for a total value of $183,360.00.
- On Wednesday, August 12th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $128.66, for a total value of $192,990.00.
- On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.58, for a total value of $171,870.00.
- On Friday, August 7th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.00, for a total value of $169,500.00.
SEA Stock Up 0.1%
SE stock opened at $112.74 on Thursday. The company has a market cap of $68.89 billion, a price-to-earnings ratio of 43.53, a P/E/G ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The business has a 50 day moving average price of $110.22 and a two-hundred day moving average price of $97.00. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The company's revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on SE. Sanford C. Bernstein restated an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Barclays boosted their price target on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Zacks Research cut SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Morgan Stanley reissued an "overweight" rating and set a $153.00 target price on shares of SEA in a report on Thursday, August 13th. Finally, Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $149.11.
Check Out Our Latest Report on SE
Hedge Funds Weigh In On SEA
A number of large investors have recently made changes to their positions in SE. Zions Bancorporation National Association UT lifted its holdings in SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 259 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock valued at $70,000 after buying an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock worth $144,000 after buying an additional 573 shares during the period. Independence Bank of Kentucky lifted its holdings in shares of SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock worth $123,000 after buying an additional 1,100 shares in the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in shares of SEA during the fourth quarter worth $175,000. Institutional investors own 59.53% of the company's stock.
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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