Key Points
- Insider Yanjun Wang sold 800 SEA shares at an average price of $74.31, worth $59,448, reducing the holding by 1.25% to 63,180 shares. The article also lists multiple recent sales of 800 shares by Wang.
- SEA reported quarterly EPS of $0.78, missing the $0.99 consensus, while revenue of $8.58 billion topped estimates and rose 43.7% year over year.
- Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $134.67; shares opened at $74.45, well below their 50-day average of $91.74.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Yanjun Wang sold 800 shares of the company's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $74.31, for a total transaction of $59,448.00. Following the completion of the sale, the insider directly owned 63,180 shares in the company, valued at approximately $4,694,905.80. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Yanjun Wang also recently made the following trade(s):
- On Monday, November 9th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $78.32, for a total transaction of $62,656.00.
- On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $75.02, for a total transaction of $60,016.00.
- On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $80.82, for a total value of $64,656.00.
- On Monday, November 2nd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $76.79, for a total value of $61,432.00.
- On Friday, October 30th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $74.58, for a total value of $59,664.00.
- On Wednesday, October 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $74.69, for a total value of $59,752.00.
- On Monday, October 26th, Yanjun Wang sold 800 shares of SEA stock. The stock was 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 shares were sold at an average price of $90.37, for a total value of $90,370.00.
SEA Price Performance
Shares of SE stock opened at $74.45 on Friday. The stock's fifty day simple moving average is $91.74 and its 200 day simple moving average is $96.87. Sea Limited Sponsored ADR has a one year low of $71.33 and a one year high of $148.26. The firm has a market cap of $45.49 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 0.76 and a beta of 1.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.
SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.21). The company had revenue of $8.58 billion for the quarter, compared to analyst estimates of $8.08 billion. SEA had a return on equity of 13.85% and a net margin of 5.89%. The business's revenue was up 43.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on SE shares. Zacks Research upgraded shares of SEA from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Bank of America set a $110.00 price target on shares of SEA and gave the company a "buy" rating in a research report on Wednesday. Barclays reduced their price target on shares of SEA from $156.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SEA in a research note on Tuesday. Finally, TD Cowen dropped their price objective on shares of SEA from $100.00 to $90.00 and set a "hold" rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $134.67.
Check Out Our Latest Stock Report on SEA
Key SEA News
These are some of the SE news items that stood out recently:
- Positive Sentiment: Sea’s Shopee, Monee and Garena businesses are all growing at double-digit rates, according to a recent analysis. Why Sea Limited stock is falling
- Negative Sentiment: Recent quarterly EPS of $0.78 missed the $0.99 consensus, despite revenue of $8.58 billion beating estimates and growing about 44% year over year. The profit shortfall may be overshadowing strong sales growth. Monee’s reported increase in credit-loss provisions also raises questions about lending risk and margins.
- Negative Sentiment: TD Cowen lowered its target to $90 from $100 and maintained a “hold” rating, adding to the pattern of analyst target cuts. TD Cowen ratings
Hedge Funds Weigh In On SEA
Institutional investors and hedge funds have recently bought and sold shares of the business. Carrhae Capital LLP bought a new stake in shares of SEA during the second quarter worth $140,501,000. Public Employees Retirement System of Ohio bought a new position in shares of SEA in the second quarter valued at about $37,527,000. Assenagon Asset Management S.A. raised its holdings in shares of SEA by 80.6% in the third quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock valued at $54,881,000 after buying an additional 251,517 shares during the last quarter. Matthews International Capital Management LLC bought a new position in shares of SEA in the third quarter valued at about $13,752,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in SEA during the 2nd quarter worth about $12,410,000. Institutional investors and hedge funds own 59.53% of the company's stock.
About SEA
(
Get Free Report)
Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea's e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.
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