Key Points
- SEA insider Yanjun Wang sold 1,000 shares at an average price of $97.67, generating $97,670; the sale reduced the insider’s holdings by 1.10% to 89,780 shares. Wang has also made multiple additional sales throughout September.
- SEA shares opened at $95.25, with a $58.2 billion market capitalization and a 52-week range of $77.05 to $193.48. The company’s latest revenue rose 48.3% year over year to $7.79 billion, though quarterly EPS of $0.70 missed estimates of $0.86.
- Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $149.40; 59.53% of the stock is held by institutional investors and hedge funds.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $97.67, for a total transaction of $97,670.00. Following the transaction, the insider directly owned 89,780 shares in the company, valued at approximately $8,768,812.60. The trade was a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Yanjun Wang also recently made the following trade(s):
- On Monday, September 28th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $98.65, for a total transaction of $98,650.00.
- On Friday, September 25th, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $100.04, for a total transaction of $120,048.00.
- On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.76, for a total transaction of $123,312.00.
- On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.00, for a total transaction of $122,400.00.
- On Thursday, September 17th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was 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 shares were 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 shares were 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 stock was 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 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 stock was sold at an average price of $112.75, for a total transaction of $169,125.00.
SEA Stock Performance
Shares of SE stock opened at $95.25 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The firm has a market cap of $58.20 billion, a P/E ratio of 36.78, a P/E/G ratio of 0.99 and a beta of 1.54. The firm's 50 day moving average price is $110.62 and its 200-day moving average price is $97.55. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $193.48.
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 analysts' consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm earned $0.65 EPS. The firm's revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, equities research analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its holdings in SEA by 26.5% during the 1st 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 boosted its stake in shares of SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock valued at $123,000 after buying an additional 1,100 shares during the period. Osbon Capital Management LLC acquired a new position in shares of SEA during the fourth quarter worth about $175,000. HB Wealth Management LLC acquired a new position in shares of SEA during the second quarter worth about $203,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of SEA during the second quarter worth about $212,000. 59.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SE shares. Barclays raised their target price on SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Zacks Research cut shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a research note on Monday, September 7th. Morgan Stanley reissued an "overweight" rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. Finally, TD Cowen restated a "hold" rating on shares of SEA in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.
Get Our Latest Report on SEA
About SEA
(
Get Free Report)
Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.
Sea's principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.
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