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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $91.98, for a total transaction of $73,584.00. Following the transaction, the insider owned 200,800 shares of the company’s stock, valued at approximately $18,469,584. The trade was a 0.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Friday, May 22nd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $87.84, for a total transaction of $70,272.00.
• 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 shares were 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 shares were 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 shares were sold at an average price of $86.14, for a total transaction of $68,912.00.

SEA Stock Down 1.5%

NYSE SE opened at $92.01 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The company’s 50 day simple moving average is $85.73 and its 200 day simple moving average is $108.54. 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 capitalization of $56.22 billion, a P/E ratio of 36.23, a PEG ratio of 0.96 and a beta of 1.57.

SEA (NYSE:SE) last released its 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 business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities research analysts expect that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds have recently made changes to their positions in the business. Fred Alger Management LLC grew its holdings in 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 worth $515,894,000 after acquiring an additional 521,782 shares during the last quarter. Charles Lim Capital Ltd boosted its position 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 buying an additional 475,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of SEA by 24.4% in the fourth 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 purchasing an additional 350,840 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in SEA during the fourth quarter worth $26,282,000. Finally, State of Tennessee Department of Treasury boosted its position in 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. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. 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. Bank of America reiterated a “buy” rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Sanford C. Bernstein cut their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Finally, Barclays upped their target price on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $155.54.

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.