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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $101.51, for a total transaction of $3,045,300.00. Following the transaction, the insider owned 60,000 shares of the company’s stock, valued at $6,090,600. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, September 16th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $104.13, for a total transaction of $3,123,900.00.
• 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 value of $3,238,200.00.
• On Friday, September 11th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $107.51, for a total value of $3,225,300.00.
• 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 value of $3,266,100.00.

SEA Price Performance

SEA stock opened at $102.55 on Tuesday. The stock has a market cap of $62.66 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 1.02 and a beta of 1.51. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $111.63 and a 200 day simple moving average of $96.96. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $195.48.

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

Institutional Trading of SEA

A number of hedge funds have recently bought and sold shares of SE. Carrhae Capital LLP purchased a new stake in SEA in the second quarter worth approximately $140,501,000. SG Americas Securities LLC raised its stake 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 acquiring an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings in shares of 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 acquiring an additional 475,000 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of SEA by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after acquiring an additional 50,965 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in shares of SEA by 2.2% in the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after purchasing an additional 14,242 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SE shares. Barclays lifted their target price on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 price target on shares of SEA and gave the stock a “buy” rating in a report on Monday, September 7th. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Benchmark lifted their price objective on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. One equities research 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.40.

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.