SEA (NYSE:SE) Insider Jingye Chen Sells 800 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $83.31, for a total transaction of $66,648.00. Following the sale, the insider directly owned 216,800 shares in the company, valued at $18,061,608. The trade was a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jingye Chen also recently made the following trade(s):

• On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.93, for a total transaction of $68,744.00.
• On Friday, April 24th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $84.58, for a total value of $67,664.00.
• On Wednesday, April 22nd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.99, for a total value of $68,792.00.
• On Monday, April 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.56, for a total value of $71,648.00.
• On Friday, April 17th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $92.07, for a total value of $73,656.00.
• On Wednesday, April 15th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $88.89, for a total value of $71,112.00.
• On Monday, April 13th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.75, for a total transaction of $68,600.00.
• On Friday, April 10th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.74, for a total transaction of $68,592.00.
• On Wednesday, April 8th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.62, for a total transaction of $69,296.00.
• On Monday, April 6th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $82.98, for a total transaction of $66,384.00.

SEA Stock Up 2.0%

Shares of NYSE SE traded up $1.64 on Thursday, reaching $84.85. 1,025,978 shares of the company’s stock traded hands, compared to its average volume of 5,334,952. The business’s 50 day simple moving average is $89.08 and its two-hundred day simple moving average is $118.45. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a market cap of $49.99 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 0.89 and a beta of 1.69. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 3.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SE shares. Bank of America restated a “buy” rating and issued a $125.00 target price on shares of SEA in a report on Monday, March 9th. JPMorgan Chase & Co. cut their price objective on SEA from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 target price on shares of SEA in a report on Tuesday, March 3rd. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.66.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fred Alger Management LLC boosted its stake in SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after purchasing an additional 350,840 shares during the period. SG Americas Securities LLC boosted its position in shares of SEA by 5.7% during 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 buying an additional 88,431 shares during the period. Charles Lim Capital Ltd grew its stake in shares of SEA by 172.7% during 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 buying an additional 475,000 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake in shares of SEA by 32.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after acquiring an additional 175,746 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.