Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) insider Yanjun Wang sold 800 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $78.32, for a total value of $62,656.00. Following the completion of the sale, the insider owned 64,780 shares of the company’s stock, valued at $5,073,569.60. This represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Yanjun Wang also recently made the following trade(s):
- On Friday, November 6th, Yanjun Wang sold 800 shares of SEA stock. The shares were sold at an average price of $75.02, for a total value of $60,016.00.
- On Wednesday, November 4th, Yanjun Wang sold 800 shares of SEA stock. The stock was 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 stock was 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 stock was 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 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 shares were 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 shares were 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 shares were 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 transaction of $95,430.00.
SEA Stock Down 3.9%
SEA stock opened at $73.81 on Thursday. The firm has a market capitalization of $45.10 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 0.79 and a beta of 1.58. The company’s 50 day simple moving average is $92.51 and its 200 day simple moving average is $97.12. 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 Limited Sponsored ADR has a fifty-two week low of $71.53 and a fifty-two week high of $150.79.
SEA (NYSE:SE – Get Free Report) last issued its earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.21). The firm had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $8.08 billion. SEA had a net margin of 5.89% and a return on equity of 13.85%. The firm’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. As a group, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.
Institutional Investors Weigh In On SEA
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new position in shares of SEA in the 3rd quarter valued at about $1,997,000. USS Investment Management Ltd raised its holdings in SEA by 5.9% during the third quarter. USS Investment Management Ltd now owns 660,654 shares of the Internet company based in Singapore’s stock worth $64,328,000 after acquiring an additional 36,955 shares in the last quarter. Private Advisor Group LLC bought a new stake in SEA during the third quarter worth about $243,000. Ieq Capital LLC boosted its position in SEA by 1.6% during the third quarter. Ieq Capital LLC now owns 68,883 shares of the Internet company based in Singapore’s stock valued at $6,706,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in SEA by 27.5% during the third quarter. Cibc World Market Inc. now owns 53,808 shares of the Internet company based in Singapore’s stock valued at $5,239,000 after purchasing an additional 11,598 shares during the last quarter. 59.53% of the stock is owned by institutional investors.
Latest SEA News
Investors following SE have been watching these news items:
- Positive Sentiment: Third-quarter revenue climbed 43.4% year over year to $8.58 billion, topping estimates, while net income rose 34% to $502.5 million. The board also authorized an additional $1 billion share repurchase. Sea Limited Q3 results
- Neutral Sentiment: TD Cowen lowered its price target to $90 from $100 and maintained a Hold rating. The new target is above the referenced $73.81 share price, but the reduction signals a more cautious outlook. TD Cowen rating
- Negative Sentiment: Insider Yanjun Wang sold 800 shares in several recent transactions. The sales are small relative to his remaining holdings, but repeated selling may add to investor caution. Insider transactions
Analysts Set New Price Targets
Several equities analysts have recently issued reports on SE shares. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating and set a $153.00 target price on shares of SEA in a report on Thursday, August 13th. New Street Research lowered SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. decreased their target price on SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $133.36.
SEA Company Profile
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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