Key Points
- SEA insider Yanjun Wang sold 800 shares on October 28 at an average price of $74.69, generating $59,752. Following the sale, Wang retained 71,180 shares valued at approximately $5.32 million.
- Wang has made a series of insider sales since October 5, selling a total of several thousand shares as SEA’s sale prices declined from roughly $97 to $75.
- SEA reported strong 48.3% year-over-year revenue growth to $7.79 billion but missed quarterly earnings expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.91, though New Street Research recently downgraded the stock to “neutral.”
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the firm's stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $74.69, for a total transaction of $59,752.00. Following the completion of the transaction, the insider directly owned 71,180 shares in the company, valued at $5,316,434.20. This represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Yanjun Wang also recently made the following trade(s):
- On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $73.77, for a total value of $59,016.00.
- On Thursday, October 22nd, Yanjun Wang sold 800 shares of SEA stock. The stock was 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 stock was sold at an average price of $81.61, for a total value of $65,288.00.
- On Monday, October 19th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $90.37, for a total value 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 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 stock was 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 transaction 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 transaction of $97,270.00.
SEA Stock Up 1.9%
SEA stock opened at $76.58 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.80. The company has a 50-day simple moving average of $99.93 and a 200-day simple moving average of $99.30. The firm has a market capitalization of $46.79 billion, a P/E ratio of 29.57, a P/E/G ratio of 0.78 and a beta of 1.54.
SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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 during 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 business earned $0.65 earnings per share. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on SE shares. New Street Research lowered SEA from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a report on Monday. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Arete Research upgraded shares of SEA from a "neutral" rating to a "buy" rating and set a $152.00 target price for the company in a research report on Monday, September 7th. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday, September 8th. Finally, TD Cowen restated a "hold" rating on shares of SEA in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $140.91.
Get Our Latest Stock Analysis on SEA
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Trek Financial LLC acquired a new stake in SEA in the 3rd quarter valued at about $11,844,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of SEA by 0.9% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore's stock valued at $1,659,000 after purchasing an additional 146 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SEA by 4.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore's stock valued at $120,826,000 after purchasing an additional 52,660 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of SEA during the 3rd quarter valued at about $3,305,000. Finally, Profund Advisors LLC grew its stake in shares of SEA by 3.2% in the 3rd quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore's stock worth $502,000 after purchasing an additional 158 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.
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.
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