SEA (NYSE:SE) Insider Yanjun Wang Sells 1,200 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Yanjun Wang sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $100.60, for a total transaction of $120,720.00. Following the completion of the transaction, the insider directly owned 46,000 shares of the company’s stock, valued at approximately $4,627,600. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Yanjun Wang also recently made the following trade(s):

• On Monday, June 29th, Yanjun Wang sold 1,000 shares of SEA stock. The stock was sold at an average price of $92.59, for a total value of $92,590.00.
• On Thursday, June 25th, Yanjun Wang sold 1,000 shares of SEA stock. The shares were sold at an average price of $90.22, for a total value of $90,220.00.
• On Wednesday, June 10th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $82.36, for a total transaction of $65,888.00.
• On Monday, June 8th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $84.39, for a total transaction of $67,512.00.
• On Friday, June 5th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $87.20, for a total value of $69,760.00.
• On Wednesday, June 3rd, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $90.53, for a total value of $72,424.00.
• On Monday, June 1st, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $96.11, for a total transaction of $76,888.00.
• On Thursday, May 28th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $91.98, for a total transaction of $73,584.00.
• On Tuesday, May 26th, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $89.45, for a total value of $71,560.00.
• On Friday, May 22nd, Yanjun Wang sold 800 shares of SEA stock. The stock was sold at an average price of $87.87, for a total value of $70,296.00.

SEA Stock Up 1.2%

Shares of SE opened at $106.26 on Tuesday. The firm has a market cap of $64.93 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.11 and a beta of 1.55. The stock has a 50 day simple moving average of $89.92 and a two-hundred day simple moving average of $100.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The company’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SE. Versant Capital Management Inc lifted its position in shares of SEA by 195.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,561 shares of the Internet company based in Singapore’s stock worth $245,000 after purchasing an additional 1,695 shares during the period. Rathbones Group PLC increased its position in shares of SEA by 39.7% during the first quarter. Rathbones Group PLC now owns 30,750 shares of the Internet company based in Singapore’s stock valued at $2,546,000 after buying an additional 8,735 shares during the period. Parallel Advisors LLC increased its position in shares of SEA by 8.5% during the first quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock valued at $501,000 after buying an additional 474 shares during the period. EverSource Wealth Advisors LLC raised its stake in SEA by 43.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after buying an additional 751 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in SEA in the first quarter worth about $678,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SE shares. Barclays increased their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Bank of America reiterated a “buy” rating and issued a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Morgan Stanley set a $121.00 target price on shares of SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. TD Cowen lifted their target price on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.