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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $85.99, for a total value of $68,792.00. Following the completion of the sale, the insider owned 220,800 shares of the company’s stock, valued at $18,986,592. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 stock was 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 stock was 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.
• On Monday, April 6th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $82.98, for a total value of $66,384.00.
• On Wednesday, April 1st, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $82.66, for a total value of $66,128.00.
• On Wednesday, March 25th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $81.87, for a total value of $65,496.00.
• On Monday, March 23rd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $80.11, for a total value of $64,088.00.

SEA Trading Down 3.5%

SEA stock opened at $83.31 on Friday. The business has a 50-day simple moving average of $90.97 and a two-hundred day simple moving average of $121.82. The company has a market cap of $49.08 billion, a P/E ratio of 33.06, a P/E/G ratio of 0.87 and a beta of 1.69. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. 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 released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Analysts predict that Sea Limited Sponsored ADR will post 3.46 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SE. Fred Alger Management LLC lifted its position in shares of SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after buying an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of SEA during the fourth quarter valued at approximately $26,282,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of SEA by 32.4% in the fourth 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 buying an additional 175,746 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SE has been the subject of a number of recent research reports. Barclays cut 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of SEA in a research report on Tuesday, March 3rd. Sanford C. Bernstein lowered their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price objective on SEA from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $161.66.

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.