Insider Selling: SEA (NYSE:SE) Insider Sells $121,860.00 in Stock

by · The Markets Daily

Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) insider Yanjun Wang sold 1,200 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $101.55, for a total value of $121,860.00. Following the completion of the transaction, the insider directly owned 780 shares in the company, valued at approximately $79,209. This represents a 60.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, September 21st, Yanjun Wang sold 1,200 shares of SEA stock. The shares were sold at an average price of $102.00, for a total value of $122,400.00.
  • On Tuesday, September 15th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $103.84, for a total value of $124,608.00.
  • On Monday, September 14th, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $108.32, for a total transaction of $162,480.00.
  • On Thursday, September 10th, Yanjun Wang sold 1,200 shares of SEA stock. The stock was sold at an average price of $107.99, for a total transaction of $129,588.00.
  • On Wednesday, September 9th, Yanjun Wang sold 1,320 shares of SEA stock. The stock was sold at an average price of $108.88, for a total transaction of $143,721.60.
  • On Tuesday, September 8th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $112.75, for a total transaction of $169,125.00.
  • On Friday, September 4th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $113.29, for a total transaction of $169,935.00.
  • On Wednesday, September 2nd, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $112.48, for a total transaction of $168,720.00.
  • On Monday, August 31st, Yanjun Wang sold 1,500 shares of SEA stock. The stock was sold at an average price of $114.07, for a total transaction of $171,105.00.
  • On Friday, August 28th, Yanjun Wang sold 1,500 shares of SEA stock. The shares were sold at an average price of $119.58, for a total value of $179,370.00.

SEA Price Performance

NYSE SE opened at $103.37 on Thursday. The company has a market cap of $63.16 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $193.48. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $111.35 and its two-hundred day simple moving average is $97.12.

SEA (NYSE:SE – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. 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 prior year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. Research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Carrhae Capital LLP purchased a new stake in shares of SEA during the 2nd quarter valued at $140,501,000. SG Americas Securities LLC increased its stake in SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after acquiring an additional 88,431 shares during the last quarter. Charles Lim Capital Ltd increased its stake in SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after acquiring an additional 475,000 shares during the last quarter. Baird Financial Group Inc. raised its position in SEA by 6.2% during the second 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 purchasing an additional 50,965 shares in the last quarter. Finally, Carmignac Gestion raised its position in SEA by 2.2% during the second 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 in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SE shares. Arete Research set a $152.00 price target on shares of SEA and gave the stock a “buy” rating in a report on Monday, September 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Morgan Stanley restated an “overweight” rating and set a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Benchmark upped their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Check Out Our Latest Research Report on SEA

About SEA

(Get Free Report)

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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