Key Points
- Insider selling: Yanjun Wang sold 1,000 SEA shares at an average price of $94.91, generating $94,910. Following the transaction, Wang retained 84,780 shares worth approximately $8.05 million.
- Repeated sales: Wang has sold SEA shares in a series of transactions since September 14, including multiple 1,000- to 1,500-share sales as the stock price declined from $108.32 to $94.91.
- Analyst outlook remains positive: SEA recently missed quarterly EPS estimates but exceeded revenue expectations, with revenue up 48.3% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $149.40, compared with the stock’s recent price near $95.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $94.91, for a total value of $94,910.00. Following the completion of the sale, the insider owned 84,780 shares in the company, valued at approximately $8,046,469.80. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Yanjun Wang also recently made the following trade(s):
- On Monday, October 5th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $97.27, for a total transaction of $97,270.00.
- On Friday, October 2nd, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.15, for a total transaction of $95,150.00.
- 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 shares were 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 value of $123,312.00.
- On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $102.00, for a total value 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 stock was sold at an average price of $108.32, for a total value of $162,480.00.
SEA Stock Performance
Shares of SEA stock opened at $95.37 on Friday. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $189.78. The firm's 50-day moving average is $109.37 and its 200 day moving average is $97.93. The stock has a market cap of $58.27 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 0.95 and a beta of 1.54. 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 (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm's revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SE shares. Arete Research set a $152.00 price target on shares of SEA and gave the company a "buy" rating in a research report on Monday, September 7th. Royal Bank Of Canada raised SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Barclays lifted their target price on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Finally, Benchmark boosted their price target on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.40.
Check Out Our Latest Research Report on SE
Hedge Funds Weigh In On SEA
A number of institutional investors and hedge funds have recently modified their holdings of the company. Grove Bank & Trust grew its holdings in shares of SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore's stock worth $60,000 after acquiring an additional 215 shares during the period. Cornerstone Planning Group LLC increased its position 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 valued at $70,000 after acquiring an additional 174 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock valued at $123,000 after acquiring an additional 1,100 shares during the period. Osbon Capital Management LLC bought a new position in SEA in the fourth quarter valued at about $175,000. Finally, HB Wealth Management LLC purchased a new position in SEA in the second quarter worth about $203,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
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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