Jingye Chen Sells 800 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $89.45, for a total value of $71,560.00. Following the transaction, the insider owned 202,400 shares of the company’s stock, valued at approximately $18,104,680. The trade was a 0.39% decrease in their ownership of the stock. The transaction 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 Friday, May 22nd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $87.84, for a total value of $70,272.00.
• On Wednesday, May 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.35, for a total value of $69,080.00.
• On Monday, May 18th, Jingye Chen sold 800 shares of SEA stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $83.31, for a total value of $66,648.00.

SEA Trading Up 5.1%

Shares of SE stock opened at $93.54 on Thursday. 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 business has a 50-day moving average price of $85.64 and a two-hundred day moving average price of $108.94. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The firm has a market cap of $57.16 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57.

SEA (NYSE:SE) last issued 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 the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. Equities analysts anticipate that Sea Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

SE has been the subject of a number of recent research reports. Barclays boosted their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. TD Cowen boosted their target price on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lowered their target price on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, Morgan Stanley set a $121.00 target price on SEA and gave the company 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 given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $158.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC raised its position in SEA by 1.9% during the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock valued at $664,000 after purchasing an additional 98 shares during the last quarter. Belpointe Asset Management LLC raised its position in SEA by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock valued at $1,033,000 after purchasing an additional 103 shares during the last quarter. Rothschild Investment LLC raised its position in SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 106 shares during the last quarter. Cloud Capital Management LLC raised its position in SEA by 8.0% during the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after purchasing an additional 148 shares during the last quarter. Finally, SlateStone Wealth LLC raised its position in SEA by 0.5% during the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

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.