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

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

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

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

SEA Trading Down 5.4%

NYSE:SE opened at $102.81 on Wednesday. The stock’s 50 day moving average price is $112.18 and its 200 day moving average price is $96.98. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $195.48. The company has a market capitalization of $62.82 billion, a P/E ratio of 39.69, a P/E/G ratio of 1.09 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA’s revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. On average, research analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark boosted their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. Barclays increased their price target on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. Finally, Arete Research set a $152.00 target price on SEA and gave the company a “buy” rating in a research note on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Hedge Funds Weigh In On SEA

Institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its stake in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after acquiring an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Independence Bank of Kentucky increased its holdings in SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after buying an additional 1,100 shares during the last quarter. Osbon Capital Management LLC bought a new stake in SEA in the fourth quarter valued at approximately $175,000. Finally, HB Wealth Management LLC bought a new stake in SEA in the second quarter valued at approximately $203,000. Institutional investors own 59.53% of the company’s stock.

About SEA

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.