Key Points
- Insider selling: Yanjun Wang sold 800 SEA shares at an average price of $73.77, generating $59,016. After the sale, Wang retained 72,780 shares; this was the latest in a series of insider sales during October.
- Stock performance: SEA opened at $74.81 and was up 1.1%, but remained well below its 50-day moving average of $101.61 and 52-week high of $164.03.
- Analyst outlook remains positive: SEA reported revenue growth of 48.3% year over year but missed quarterly earnings estimates. Analysts maintained a consensus “Moderate Buy” rating with an average price target of $142.18.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the company's stock in a transaction on Monday, October 26th. The stock was sold at an average price of $73.77, for a total transaction of $59,016.00. Following the sale, the insider directly owned 72,780 shares of the company's stock, valued at approximately $5,368,980.60. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Yanjun Wang also recently made the following trade(s):
- On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $76.33, for a total value of $61,064.00.
- 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 value of $95,430.00.
- On Wednesday, October 14th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were 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 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 stock was 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 transaction of $97,270.00.
- On Friday, October 2nd, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $95.15, for a total transaction of $95,150.00.
SEA Stock Up 1.1%
NYSE:SE opened at $74.81 on Wednesday. The stock has a 50 day moving average of $101.61 and a 200-day moving average of $99.88. Sea Limited Sponsored ADR has a 52 week low of $71.53 and a 52 week high of $164.03.
SEA (NYSE:SE - Get Free Report) last issued its 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 business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. SEA's revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.
Analyst Ratings Changes
SE has been the topic of a number of research analyst reports. Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a research note on Monday, September 7th. Barclays increased their price target on SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of SEA from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Benchmark increased their price target on shares of SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $142.18.
Get Our Latest Stock Report on SEA
Hedge Funds Weigh In On SEA
Institutional investors have recently made changes to their positions in the business. Carrhae Capital LLP acquired a new stake in SEA in the 2nd quarter valued at approximately $140,501,000. Baird Financial Group Inc. boosted its position in shares of SEA by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock valued at $84,245,000 after acquiring an additional 50,965 shares in the last quarter. Carmignac Gestion grew its stake in shares of SEA by 2.2% in the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock valued at $62,349,000 after purchasing an additional 14,242 shares during the period. National Pension Service raised its stake in SEA by 10.0% during the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore's stock worth $58,019,000 after acquiring an additional 54,819 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of 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 purchasing an additional 251,517 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.
SEA Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
