Insider Selling: SEA (NYSE:SE) Insider Sells $67,736.00 in Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) insider Jingye Chen sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $84.67, for a total value of $67,736.00. Following the transaction, the insider owned 212,800 shares of the company’s stock, valued at $18,017,776. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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 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.
  • 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 value 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 value 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 value of $71,648.00.
  • On Friday, April 17th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $92.07, for a total value of $73,656.00.
  • On Wednesday, April 15th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $88.89, for a total value of $71,112.00.
  • On Monday, April 13th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.75, for a total value of $68,600.00.

SEA Stock Down 2.0%

Shares of NYSE SE opened at $86.87 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $53.08 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 0.91 and a beta of 1.57. The stock has a 50 day moving average price of $87.09 and a 200 day moving average price of $115.75. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

SEA (NYSE:SEGet Free Report) 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 analysts’ expectations of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm’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 posted $0.39 EPS. Sell-side analysts expect that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SE. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of SEA in a report on Tuesday, March 3rd. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Barclays reduced their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of SEA from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Finally, Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $161.66.

Check Out Our Latest Analysis on SEA

SEA News Roundup

Here are the key news stories impacting SEA this week:

Hedge Funds Weigh In On SEA

Large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its stake in SEA by 2,860.0% in the third 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 in the last quarter. Rothschild Investment LLC raised its stake in SEA by 114.0% in the third 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 in the last quarter. Zions Bancorporation National Association UT increased its position in shares of SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of SEA during the fourth quarter worth $44,000. Finally, Cornerstone Planning Group LLC increased its position in shares of SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

About SEA

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for SEA (NYSE:SE)

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