Key Points
- SEA insider Jingye Chen sold 30,000 shares at an average price of $102.09, generating $3.06 million and reducing their ownership by 50% to 30,000 shares.
- Chen has conducted six consecutive sales since September 9, selling 180,000 shares for approximately $18.96 million as SEA’s sale prices declined from $108.87 to $102.09.
- SEA reported strong revenue growth of 48.3% year over year to $7.79 billion, but missed quarterly EPS estimates; analysts maintain a “Moderate Buy” consensus with a $149.40 price target.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,200 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $102.00, for a total value of $122,400.00. Following the transaction, the insider directly owned 97,580 shares in the company, valued at $9,953,160. The trade was a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Yanjun Wang also recently made the following trade(s):
- On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $101.55, for a total value of $121,860.00.
- 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 transaction 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 transaction of $162,480.00.
- On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.99, for a total transaction of $129,588.00.
- On Wednesday, September 9th, Yanjun Wang sold 1,320 shares of SEA stock. The shares were sold at an average price of $108.88, for a total transaction 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 stock was 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 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.
SEA Stock Performance
Shares of NYSE:SE opened at $103.37 on Thursday. The company has a market capitalization of $63.16 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $193.48. 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 50 day moving average of $111.35 and a 200 day moving average of $97.12.
SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $0.65 EPS. The firm's revenue was up 48.3% compared to the same quarter last year. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carrhae Capital LLP acquired a new position in SEA during the 2nd quarter valued at about $140,501,000. SG Americas Securities LLC boosted its holdings in SEA by 5.7% in the first 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 acquiring an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd boosted its holdings in SEA by 172.7% in 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 acquiring an additional 475,000 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of 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 acquiring an additional 50,965 shares during the last quarter. Finally, Carmignac Gestion grew its stake 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 acquiring an additional 14,242 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Zacks Research lowered SEA from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. Benchmark increased their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 price target on shares of SEA and gave the company a "buy" rating in a report on Monday, September 7th. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada upgraded shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $149.40.
Read Our Latest Stock Report on SE
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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