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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $92.07, for a total value of $73,656.00. Following the sale, the insider directly owned 223,200 shares of the company’s stock, valued at $20,550,024. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Friday, April 10th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.74, for a total value of $68,592.00.
• On Wednesday, April 8th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $86.62, for a total value of $69,296.00.
• On Monday, April 6th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $82.98, for a total value of $66,384.00.
• On Wednesday, April 1st, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $82.66, for a total value of $66,128.00.
• On Wednesday, March 25th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $81.87, for a total value of $65,496.00.
• On Monday, March 23rd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $80.11, for a total value of $64,088.00.
• On Thursday, March 19th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $80.97, for a total value of $64,776.00.

SEA Trading Down 2.9%

Shares of NYSE:SE opened at $86.77 on Wednesday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The company has a market capitalization of $51.12 billion, a PE ratio of 34.43, a PEG ratio of 0.90 and a beta of 1.69. The business has a 50 day moving average of $92.06 and a two-hundred day moving average of $122.34. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

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 company had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The company’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, analysts forecast that Sea Limited Sponsored ADR will post 3.46 EPS for the current year.

SEA News Summary

Here are the key news stories impacting SEA this week:

• Positive Sentiment: JPMorgan slightly trimmed its price target from $170 to $168 but kept an “Overweight” rating, leaving a large implied upside vs. the current price — a constructive analyst view that can support buying interest. Read More.
• Positive Sentiment: Several institutional investors have been increasing positions (e.g., Fred Alger, Oversea Chinese Bank, SG Americas, Charles Lim, Tennessee Dept. of Treasury), signaling continued institutional support and offsetting some selling pressure from insiders.
• Neutral Sentiment: An Alger Mid Cap investor letter noted fund underperformance and trading activity in Q1 — comments like this can prompt rebalancing by active managers but don’t directly change Sea’s fundamentals. Read More.
• Negative Sentiment: Material insider selling was disclosed this week and is the clearest near-term negative: Director David Y. Ma sold large blocks (114,094 on Apr 16 and 145,072 on Apr 17 — ~259k shares total), COO Gang Ye sold 10,000 shares, and other insiders (including Jingye Chen and Yanjun Wang) sold multiple tranches at ~ $90–$92. The size/timing of these sales can create selling pressure and raise short-term confidence concerns. Read More.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays cut their price objective on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Jefferies Financial Group restated a “buy” rating and issued a $150.00 price objective on shares of SEA in a research report on Tuesday, March 3rd. Bank of America restated a “buy” rating and issued a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.66.

Institutional Trading of SEA

Several large investors have recently made changes to their positions in the company. Fred Alger Management LLC raised its position in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd raised its position in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after purchasing an additional 475,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in SEA in the 4th quarter valued at about $26,282,000. Finally, State of Tennessee Department of Treasury raised its position in SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.