Key Points
- SEA COO Gang Ye sold 20,000 shares at an average price of $112.73, generating $2.25 million; he retained 758,792 shares valued at approximately $85.5 million.
- The sale continues a series of insider transactions, with Ye selling more than 250,000 SEA shares since mid-August.
- SEA’s latest quarter showed 48.3% year-over-year revenue growth to $7.79 billion, though EPS of $0.70 missed analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $149.40.
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 Tuesday, September 8th. The stock was sold at an average price of $112.75, for a total transaction of $169,125.00. Following the sale, the insider owned 9,600 shares in the company, valued at approximately $1,082,400. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Yanjun Wang also recently made the following trade(s):
- On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.29, for a total transaction of $169,935.00.
- On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.48, for a total transaction of $168,720.00.
- On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.07, for a total value 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 value 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 value of $179,715.00.
- On Monday, August 24th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $115.93, for a total value 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 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 stock was 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 transaction of $183,360.00.
SEA Price Performance
Shares of SE opened at $108.60 on Thursday. 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 Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock has a market capitalization of $66.36 billion, a P/E ratio of 41.93, a P/E/G ratio of 1.14 and a beta of 1.51. The company has a 50 day moving average of $111.98 and a 200-day moving average of $97.07.
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 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business's revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.
Institutional Trading of SEA
A number of large investors have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its position in shares of SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 259 shares during the period. Cornerstone Planning Group LLC grew its holdings in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after purchasing an additional 174 shares during the period. Independence Bank of Kentucky increased its position in 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 during the last quarter. Cullen Frost Bankers Inc. raised its stake in SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock valued at $144,000 after buying an additional 573 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in shares of SEA in the fourth quarter valued at approximately $175,000. Institutional investors and hedge funds own 59.53% of the company's stock.
Wall Street Analyst Weigh In
SE has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday. Morgan Stanley reaffirmed an "overweight" rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Zacks Research lowered SEA from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Arete Research set a $152.00 price target on SEA and gave the company a "buy" rating in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.40.
Read Our Latest Report on SEA
SEA Company Profile
(
Get Free Report)
Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.
Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.
Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.
Further Reading
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