Key Points
- SEA insider Yanjun Wang sold 800 shares at an average price of $76.33, generating $61,064; Wang retained 74,380 shares valued at approximately $5.68 million.
- The sale continues a series of insider disposals, with Wang selling shares on multiple occasions since late September as SEA’s stock declined to around $74.47, near its 52-week low of $74.12.
- Despite the insider selling and a recent earnings miss, analysts maintain a “Moderate Buy” consensus, with an average price target of $149.40 versus the cited market price.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the firm's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $76.33, for a total transaction of $61,064.00. Following the completion of the sale, the insider directly owned 74,380 shares of the company's stock, valued at approximately $5,677,425.40. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Yanjun Wang also recently made the following trade(s):
- On Tuesday, October 20th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $81.61, for a total transaction of $65,288.00.
- On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.37, for a total transaction of $90,370.00.
- On Friday, October 16th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $95.43, for a total transaction of $95,430.00.
- 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 transaction of $95,490.00.
- On Monday, October 12th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was 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 stock was 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 value 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 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.
SEA Trading Down 1.6%
SE opened at $74.47 on Friday. The stock has a market cap of $45.50 billion, a PE ratio of 28.75, a PEG ratio of 0.77 and a beta of 1.54. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $103.26 and a 200-day moving average of $98.41. Sea Limited Sponsored ADR has a 52 week low of $74.12 and a 52 week high of $164.03.
SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate 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 company'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 firm earned $0.65 earnings per share. Equities research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have commented on SE shares. Barclays raised their price objective on SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 target price on shares of SEA and gave the stock a "buy" rating in a research report on Monday, September 7th. Morgan Stanley reiterated an "overweight" rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. TD Cowen reissued a "hold" rating on shares of SEA in a research report on Monday, August 17th. Finally, Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $149.40.
Check Out Our Latest Report on SE
Hedge Funds Weigh In On SEA
Large investors have recently modified their holdings of the stock. Grove Bank & Trust increased its stake in SEA by 53.9% during the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore's stock valued at $60,000 after purchasing an additional 215 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after buying an additional 174 shares during the last quarter. Independence Bank of Kentucky raised 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 worth $123,000 after buying an additional 1,100 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in SEA in the third quarter worth about $206,000. Finally, HB Wealth Management LLC bought a new position in shares of SEA in the second quarter worth approximately $203,000. Hedge funds and other institutional investors own 59.53% of the company's stock.
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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