Insider Selling: SEA (NYSE:SE) Insider Sells 800 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $84.67, for a total transaction of $67,736.00. Following the sale, the insider owned 213,600 shares in the company, valued at approximately $18,085,512. This trade represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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.
• On Wednesday, April 29th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $83.31, for a total transaction of $66,648.00.
• On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.93, for a total transaction of $68,744.00.
• On Friday, April 24th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $84.58, for a total transaction of $67,664.00.
• On Wednesday, April 22nd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.99, for a total transaction of $68,792.00.
• On Monday, April 20th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $89.56, for a total transaction of $71,648.00.
• On Friday, April 17th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $92.07, for a total transaction of $73,656.00.
• On Wednesday, April 15th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $88.89, for a total transaction of $71,112.00.
• On Monday, April 13th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.75, for a total transaction of $68,600.00.
• On Friday, April 10th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.74, for a total transaction of $68,592.00.

SEA Stock Performance

Shares of SEA stock opened at $84.44 on Wednesday. The stock has a market cap of $51.59 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 0.89 and a beta of 1.57. The firm’s 50-day moving average is $87.88 and its 200 day moving average is $116.77. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 3.32 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its position in SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after buying an additional 143 shares during the last quarter. Rothschild Investment LLC raised its position in SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT raised its position in SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 259 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in SEA in the 4th quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. raised its position in SEA by 41.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SE. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Sanford C. Bernstein dropped their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of SEA in a research note on Tuesday, March 3rd. Finally, Bank of America reissued a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average price target of $161.66.

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.