SEA (NYSE:SE) Insider Sells $68,912.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $86.14, for a total value of $68,912.00. Following the transaction, the insider owned 215,200 shares of the company’s stock, valued at approximately $18,537,328. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, April 29th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $83.31, for a total value of $66,648.00.
• On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.93, for a total value 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 shares were 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 shares were 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 shares were sold at an average price of $85.75, for a total value 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 value of $68,592.00.
• On Wednesday, April 8th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $86.62, for a total value of $69,296.00.

SEA Stock Performance

Shares of NYSE:SE opened at $86.20 on Monday. The stock has a 50 day moving average of $88.49 and a 200 day moving average of $117.32. The company has a market cap of $52.67 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30.

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

Analyst Ratings Changes

SE has been the subject of several recent analyst reports. Sanford C. Bernstein dropped their price target on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Barclays dropped their price target on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Bank of America restated a “buy” rating and issued a $125.00 price target on shares of SEA in a research note on Monday, March 9th. JPMorgan Chase & Co. dropped their price target on SEA from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Finally, Morgan Stanley set a $121.00 price target on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued 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 an average price target of $161.66.

Institutional Trading of SEA

Hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC raised its holdings in shares of SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after acquiring an additional 143 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 259 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of SEA during the 4th quarter worth approximately $44,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of SEA by 41.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after acquiring an additional 165 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.