Jingye Chen Sells 30,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $107.51, for a total transaction of $3,225,300.00. Following the sale, the insider owned 210,000 shares of the company’s stock, valued at approximately $22,577,100. This trade represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 14th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $107.94, for a total transaction of $3,238,200.00.
• On Wednesday, September 9th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $108.87, for a total transaction of $3,266,100.00.

SEA Stock Performance

Shares of SE opened at $108.49 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $66.29 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. The firm’s fifty day simple moving average is $112.21 and its two-hundred day simple moving average is $96.99. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $196.45.

SEA (NYSE:SE) last issued its quarterly earnings results 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 return on equity of 13.54% and a net margin of 5.98%.The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The business’s revenue was up 48.3% on a year-over-year basis. As a group, analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Hedge Funds Weigh In On SEA

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in shares of SEA by 9,247.9% in the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares in the last quarter. Carrhae Capital LLP bought a new stake in SEA during the 2nd quarter valued at $140,501,000. SG Americas Securities LLC increased its stake in SEA by 5.7% during the 1st 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 purchasing an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd increased its stake in SEA by 172.7% during the 4th 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 purchasing an additional 475,000 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings 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 worth $84,245,000 after buying an additional 50,965 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Benchmark lifted their price objective on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, TD Cowen reiterated a “hold” rating on shares of SEA in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Company Profile

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.