Insider Selling: SEA (NYSE:SE) Insider Sells $70,272.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $87.84, for a total transaction of $70,272.00. Following the completion of the sale, the insider owned 203,200 shares in the company, valued at approximately $17,849,088. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 26th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.45, for a total transaction of $71,560.00.
• On Wednesday, May 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.35, for a total transaction of $69,080.00.
• On Monday, May 18th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $88.02, for a total transaction of $70,416.00.
• On Friday, May 15th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $88.58, for a total transaction of $70,864.00.
• On Wednesday, May 13th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $94.62, for a total transaction of $75,696.00.
• On Monday, May 11th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $83.74, for a total transaction of $66,992.00.
• On Thursday, May 7th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.85, for a total transaction of $71,880.00.
• On Tuesday, May 5th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $84.67, for a total transaction of $67,736.00.
• On Friday, May 1st, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.14, for a total transaction of $68,912.00.
• On Wednesday, April 29th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $83.31, for a total transaction of $66,648.00.

SEA Stock Down 1.5%

SE stock opened at $92.01 on Friday. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a market capitalization of $56.22 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 0.96 and a beta of 1.57. The firm’s 50-day moving average is $85.73 and its two-hundred day moving average is $108.54. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, analysts forecast that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SE shares. Morgan Stanley set a $121.00 target price on shares of SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Sanford C. Bernstein dropped their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Bank of America reiterated a “buy” rating and issued a $125.00 target price on shares of SEA in a report on Monday, March 9th. Finally, Barclays boosted their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Institutional Trading of SEA

Several institutional investors have recently made changes to their positions in the stock. Fred Alger Management LLC boosted its holdings in shares of 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 purchasing an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 24.4% during the fourth 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 holdings 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 worth $135,999,000 after purchasing an additional 88,431 shares during the period. Charles Lim Capital Ltd boosted its holdings 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 worth $95,678,000 after purchasing an additional 475,000 shares during the period. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of SEA by 32.4% during 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 purchasing an additional 175,746 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.