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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $102.09, for a total transaction of $3,062,700.00. Following the completion of the transaction, the insider owned 30,000 shares of the company’s stock, valued at approximately $3,062,700. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, September 18th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $101.51, for a total transaction of $3,045,300.00.
• 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 shares were 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 stock was 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 Stock Up 1.0%

NYSE:SE opened at $103.71 on Wednesday. The firm has a market capitalization of $63.37 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 1.03 and a beta of 1.51. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $193.48. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $111.51 and its 200 day moving average price is $97.07.

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

Hedge Funds Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. MCF Advisors LLC lifted its holdings in shares of SEA by 129.6% during the second quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock valued at $495,000 after acquiring an additional 2,917 shares during the period. Whetstone Capital Advisors LLC acquired a new position in shares of SEA in the 2nd quarter worth approximately $8,191,000. National Pension Service grew its position in SEA by 10.0% during the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after acquiring an additional 54,819 shares during the last quarter. C WorldWide Group Holding A S raised its position in SEA by 2.6% in the 2nd quarter. C WorldWide Group Holding A S now owns 198,560 shares of the Internet company based in Singapore’s stock valued at $19,028,000 after purchasing an additional 4,953 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after buying an additional 50,965 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on SE. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. TD Cowen reiterated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Company Profile

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.