Key Points
- SEA insider Feng Zhao sold 40,000 shares at an average price of $95.02, generating $3.8 million and reducing his direct ownership by 29.94% to 93,580 shares.
- SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but adjusted EPS of $0.70 missed the $0.86 consensus forecast.
- Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $149.40 target price, while institutional investors own 59.53% of the company.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $95.15, for a total value of $95,150.00. Following the completion of the transaction, the insider directly owned 87,780 shares in the company, valued at $8,352,267. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Wednesday, September 30th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.67, for a total value of $97,670.00.
- 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 stock was 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 transaction 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 shares were 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 shares were 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.
SEA Trading Up 1.8%
Shares of SEA stock opened at $96.94 on Tuesday. The company has a market capitalization of $59.23 billion, a P/E ratio of 37.43, a P/E/G ratio of 0.97 and a beta of 1.54. 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 company has a fifty day moving average of $110.36 and a 200 day moving average of $97.67. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $193.48.
SEA (NYSE:SE - Get Free Report) last issued its quarterly 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). The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The company's quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently issued reports on SE shares. TD Cowen reiterated a "hold" rating on shares of SEA in a research report on Monday, August 17th. Royal Bank Of Canada raised SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research report on Monday, July 20th. Finally, Benchmark lifted their price objective 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. One equities 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 given a Sell rating to the company. According to MarketBeat, SEA has an average rating of "Moderate Buy" and an average target price of $149.40.
Get Our Latest Research Report on SE
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SE. Park National Corp OH lifted its position in shares of SEA by 41.4% in the third quarter. Park National Corp OH now owns 3,062 shares of the Internet company based in Singapore's stock worth $298,000 after buying an additional 897 shares in the last quarter. QRG Capital Management Inc. grew its holdings in SEA by 15.7% during the 2nd quarter. QRG Capital Management Inc. now owns 24,423 shares of the Internet company based in Singapore's stock valued at $2,340,000 after buying an additional 3,313 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in SEA by 14.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,579 shares of the Internet company based in Singapore's stock valued at $918,000 after buying an additional 1,182 shares in the last quarter. MCF Advisors LLC increased its stake in SEA by 129.6% in the 2nd quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore's stock worth $495,000 after acquiring an additional 2,917 shares during the last quarter. Finally, Whetstone Capital Advisors LLC bought a new stake in SEA in the 2nd quarter worth approximately $8,191,000. Hedge funds and other institutional investors own 59.53% of the company's stock.
SEA Company Profile
(
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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