Key Points
- SEA COO Gang Ye sold 20,000 shares at an average price of $102.01, generating $2.04 million and reducing his direct ownership by 3.23% to 598,792 shares.
- Ye has made a series of insider sales since late August, including multiple 20,000-share transactions, while SEA shares opened at $102.55 and remained below their 50-day average of $111.63.
- SEA’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, though earnings of $0.70 per share missed estimates; analysts maintain a “Moderate Buy” consensus with a $149.40 target price.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,200 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $101.55, for a total value of $121,860.00. Following the completion of the sale, the insider directly owned 780 shares of the company's stock, valued at approximately $79,209. This represents a 60.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $103.84, for a total value of $124,608.00.
- On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.32, for a total value of $162,480.00.
- On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $107.99, for a total value of $129,588.00.
- On Wednesday, September 9th, Yanjun Wang sold 1,320 shares of SEA stock. The stock was sold at an average price of $108.88, for a total value of $143,721.60.
- On Tuesday, September 8th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.75, for a total transaction of $169,125.00.
- 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 transaction of $171,105.00.
- On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was 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.
SEA Stock Performance
SEA stock opened at $102.55 on Tuesday. The firm has a 50 day simple moving average of $111.63 and a 200-day simple moving average of $96.96. The stock has a market cap of $62.66 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $195.48.
SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The firm had revenue of $7.79 billion for 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%. The firm's quarterly revenue was up 48.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. On average, analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SE. Benchmark increased their price target on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Barclays boosted their price objective on shares of SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. TD Cowen reaffirmed a "hold" rating on shares of SEA in a research report on Monday, August 17th. 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. Finally, Arete Research set a $152.00 price target on shares of SEA and gave the company a "buy" rating in a research note on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.
View Our Latest Stock Report on SE
Institutional Investors Weigh In On SEA
A number of institutional investors have recently modified their holdings of SE. Carrhae Capital LLP acquired a new position in SEA during the 2nd quarter worth about $140,501,000. SG Americas Securities LLC grew its position in SEA by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock valued at $135,999,000 after acquiring an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd increased its stake in SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock worth $95,678,000 after purchasing an additional 475,000 shares during the period. Baird Financial Group Inc. increased its stake in SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after purchasing an additional 50,965 shares during the period. Finally, Carmignac Gestion lifted its position in shares of SEA by 2.2% during the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock worth $62,349,000 after purchasing an additional 14,242 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.
About SEA
(
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.
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