Key Points
- SEA COO Gang Ye sold 20,000 shares at an average price of $113.33, generating $2.27 million and reducing his position by 8.38% to 218,792 shares. The transaction was disclosed in an SEC filing.
- Ye has conducted a series of insider sales since August 13, selling hundreds of thousands of SEA shares at prices generally between $113 and $124.
- SEA recently reported revenue of $7.79 billion, up 48.3% year over year, but quarterly EPS of $0.70 missed estimates. Despite mixed analyst views, the stock has a “Moderate Buy” consensus rating and a $149.11 average price target.
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 Wednesday, September 2nd. The stock was sold at an average price of $112.48, for a total value of $168,720.00. Following the completion of the sale, the insider owned 14,100 shares in the company, valued at approximately $1,585,968. This represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Yanjun Wang also recently made the following trade(s):
- On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $114.07, for a total transaction of $171,105.00.
- 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 shares were 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 stock was sold at an average price of $117.74, for a total transaction 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 transaction 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 transaction of $179,820.00.
- On Friday, August 14th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $122.24, for a total transaction 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 transaction of $192,990.00.
- On Monday, August 10th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.58, for a total transaction of $171,870.00.
SEA Trading Down 0.9%
SE stock opened at $112.09 on Friday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $68.49 billion, a P/E ratio of 43.28, a PEG ratio of 1.13 and a beta of 1.51. The company's 50-day simple moving average is $111.11 and its 200-day simple moving average is $97.15.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA's revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.
Hedge Funds Weigh In On SEA
Several hedge funds and other institutional investors have recently made changes to their positions in SE. Woodline Partners LP acquired a new position in SEA in the 1st quarter valued at $4,028,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in SEA by 248.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore's stock worth $6,268,000 after purchasing an additional 27,953 shares during the last quarter. Captrust Financial Advisors boosted its stake in SEA by 4.2% during the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore's stock worth $4,348,000 after purchasing an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore's stock worth $86,880,000 after buying an additional 27,964 shares in the last quarter. Finally, Morse Asset Management Inc grew its holdings in shares of SEA by 21.1% during the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore's stock worth $1,946,000 after buying an additional 2,121 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on SE. Morgan Stanley reaffirmed an "overweight" rating and set a $153.00 target price on shares of SEA in a research note on Thursday, August 13th. Benchmark lifted their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Jefferies Financial Group restated a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of SEA from $168.00 to $163.00 and set an "overweight" rating on the stock in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $149.11.
Check Out Our Latest Stock Analysis on SE
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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