SEA (NYSE:SE) Insider Jingye Chen Sells 800 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $87.84, for a total transaction of $70,272.00. Following the completion of the sale, the insider directly owned 203,200 shares in the company, valued at approximately $17,849,088. This trade represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 20th, Jingye Chen sold 800 shares of SEA stock. The shares were 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 shares were sold at an average price of $88.02, for a total value of $70,416.00.
• On Friday, May 15th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $88.58, for a total value 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 value 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 value of $66,992.00.
• On Thursday, May 7th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $89.85, for a total value of $71,880.00.
• On Tuesday, May 5th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $84.67, for a total value 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 value 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 value 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 value of $68,744.00.

SEA Stock Performance

Shares of SE opened at $87.25 on Tuesday. The stock has a 50 day moving average price of $85.45 and a 200 day moving average price of $109.85. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $53.31 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. Research analysts predict that Sea Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

Several large investors have recently modified their holdings of the company. Woodline Partners LP acquired a new stake in shares of SEA during the first quarter worth $4,028,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after purchasing an additional 27,953 shares during the period. Captrust Financial Advisors lifted its holdings in shares of SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after purchasing an additional 1,084 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock worth $86,880,000 after purchasing an additional 27,964 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in shares of SEA by 21.1% during the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock worth $1,946,000 after purchasing an additional 2,121 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Barclays increased their price objective on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. decreased their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Finally, Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of SEA in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $158.41.

About SEA

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.