Key Points
- Sea Limited insider Yanjun Wang sold 800 shares on November 2 at an average price of $76.79, totaling $61,432; the sale reduced his holdings by 1.15% to 68,780 shares.
- Wang had also made multiple sales in October, including several 800- and 1,000-share transactions, indicating a series of stock disposals.
- SEA shares opened at $80.22, below their 50- and 200-day moving averages. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $137.73.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $76.79, for a total transaction of $61,432.00. Following the transaction, the insider owned 68,780 shares of the company's stock, valued at $5,281,616.20. This trade represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.58, for a total transaction of $59,664.00.
- On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00.
- 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 transaction of $59,016.00.
- 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 transaction 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 transaction 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 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 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 stock was sold at an average price of $95.37, for a total value of $95,370.00.
SEA Trading Up 4.5%
SEA stock opened at $80.22 on Thursday. The stock has a 50-day moving average price of $96.58 and a 200 day moving average price of $98.28. Sea Limited Sponsored ADR has a 52 week low of $71.53 and a 52 week high of $159.80. The stock has a market cap of $49.01 billion, a PE ratio of 30.97, a P/E/G ratio of 0.79 and a beta of 1.58. 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 earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA's revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. Equities research analysts predict that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on SE. JPMorgan Chase & Co. reduced their price objective on shares of SEA from $173.00 to $149.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a research note on Sunday. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. New Street Research downgraded SEA from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research report on Monday, October 26th. Finally, Barclays upped their target price on SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus price target of $137.73.
Read Our Latest Stock Report on SE
Institutional Investors Weigh In On SEA
Several institutional investors have recently bought and sold shares of the business. Lido Advisors LLC acquired a new stake in SEA in the 3rd quarter valued at $415,000. Matthews International Capital Management LLC purchased a new stake in SEA during the 3rd quarter worth $13,752,000. M&G PLC lifted its holdings in SEA by 2.7% in the 3rd quarter. M&G PLC now owns 291,229 shares of the Internet company based in Singapore's stock worth $28,249,000 after buying an additional 7,602 shares in the last quarter. Hohimer Wealth Management LLC lifted its holdings in SEA by 5.8% in the 3rd quarter. Hohimer Wealth Management LLC now owns 6,997 shares of the Internet company based in Singapore's stock worth $681,000 after buying an additional 382 shares in the last quarter. Finally, Euro Pacific Asset Management LLC purchased a new position in SEA in the 3rd quarter valued at about $2,159,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
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].
