Key Points
- SEA insider Yanjun Wang sold 1,000 shares on October 16 at an average price of $95.43, generating $95,430. Wang retained 77,780 shares, and the sale reduced the position by 1.27%.
- Wang has repeatedly sold SEA shares in recent weeks, including multiple 1,000-share transactions and larger 1,200-share sales in late September.
- SEA opened at $88.71, down 5.4%, while analysts maintained a generally positive outlook with a consensus “Moderate Buy” rating and a $149.40 price target. The company’s latest revenue rose 48.3% year over year, although quarterly EPS missed estimates.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $95.43, for a total value of $95,430.00. Following the transaction, the insider owned 77,780 shares of the company's stock, valued at $7,422,545.40. The trade was a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Yanjun Wang also recently made the following trade(s):
- On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.49, for a total value of $95,490.00.
- 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 value 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 value 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 value of $94,910.00.
- On Monday, October 5th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $97.27, for a total value 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 value 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 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 value 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 value of $120,048.00.
- On Wednesday, September 23rd, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.76, for a total value of $123,312.00.
SEA Stock Down 5.4%
SE opened at $88.71 on Tuesday. The stock's fifty day simple moving average is $107.19 and its 200 day simple moving average is $98.67. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $171.09. The stock has a market cap of $54.21 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.
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 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. 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 firm earned $0.65 earnings per share. The company's revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.
Institutional Trading of SEA
Institutional investors have recently added to or reduced their stakes in the company. Carrhae Capital LLP acquired a new position in SEA in the 2nd quarter valued at $140,501,000. Public Employees Retirement System of Ohio bought a new position in SEA during the 2nd quarter worth $37,527,000. Assenagon Asset Management S.A. increased its position in SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock worth $54,881,000 after buying an additional 251,517 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in SEA during the 2nd quarter worth $12,410,000. Finally, Ninety One North America Inc. acquired a new stake in shares of SEA during the third quarter worth $9,734,000. 59.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SE. Barclays raised their target price on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. 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. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a report on Monday, July 20th. Benchmark increased their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Arete Research set a $152.00 price objective on shares of SEA and gave the stock a "buy" rating in a research report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.
Read Our Latest Stock Analysis on SEA
About SEA
(
Get Free Report)
Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.
Through Shopee, Sea's e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.
SeaMoney is the company's digital financial services division.
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