Key Points
- SEA insider Yanjun Wang sold 1,000 shares on October 14 at an average price of $95.49, generating $95,490; the sale reduced the insider’s holdings by 1.24% to 79,780 shares.
- Wang has made a series of additional sales since September 21, selling roughly 10,600 shares in total across the disclosed transactions.
- SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, though earnings per share of $0.70 missed consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $149.40.
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, October 14th. The stock was sold at an average price of $95.49, for a total value of $95,490.00. Following the sale, the insider owned 79,780 shares in the company, valued at $7,618,192.20. The trade was a 1.24% 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, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.87, for a total transaction of $95,870.00.
- On Friday, October 9th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.37, for a total transaction of $95,370.00.
- On Wednesday, October 7th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $94.91, for a total transaction of $94,910.00.
- 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 stock was sold at an average price of $97.67, for a total transaction 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 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 stock was sold at an average price of $102.00, for a total transaction of $122,400.00.
SEA Trading Up 2.4%
NYSE:SE opened at $97.57 on Friday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $175.80. The firm has a fifty day simple moving average of $108.11 and a 200-day simple moving average of $98.52. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $59.62 billion, a P/E ratio of 37.67, a PEG ratio of 0.97 and a beta of 1.54.
SEA (NYSE:SE - Get Free Report) last announced 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). 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 analysts' expectations of $7.12 billion. During the same period last year, the firm earned $0.65 earnings per share. SEA's quarterly revenue was up 48.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.
Analyst Ratings Changes
SE has been the subject of a number of research reports. Arete Research set a $152.00 price target on SEA and gave the stock a "buy" rating in a research report on Monday, September 7th. Benchmark increased their price objective on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. TD Cowen reissued a "hold" rating on shares of SEA in a report on Monday, August 17th. Barclays raised their price objective on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $149.40.
Read Our Latest Analysis on SE
Institutional Trading of SEA
Several large investors have recently made changes to their positions in SE. Capstone Capital Management Ltd acquired a new position in SEA during the first quarter valued at $1,612,000. Whetstone Capital Advisors LLC purchased a new stake in SEA in the second quarter valued at $8,191,000. Corient Private Wealth LP boosted its holdings in SEA by 61.4% in the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore's stock valued at $2,543,000 after purchasing an additional 10,099 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in SEA by 18.8% in the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore's stock valued at $16,066,000 after purchasing an additional 26,498 shares during the last quarter. Finally, Carmignac Gestion grew its position in SEA by 2.2% during the 2nd 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 during the period. 59.53% of the stock is 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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