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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction on Monday, May 11th. The stock was sold at an average price of $83.74, for a total transaction of $66,992.00. Following the completion of the transaction, the insider directly owned 210,400 shares in the company, valued at $17,618,896. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 stock was sold at an average price of $89.85, for a total transaction 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 transaction 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 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 shares were 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 shares were sold at an average price of $88.89, for a total transaction of $71,112.00.

SEA Price Performance

Shares of SE opened at $85.07 on Tuesday. The firm has a market capitalization of $51.98 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. 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 Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company’s fifty day moving average price is $86.21 and its 200-day moving average price is $114.63.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.10). The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. On average, equities research analysts predict that Sea Limited Sponsored ADR will post 3.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SE. Sanford C. Bernstein dropped their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating and set a $150.00 target price on shares of SEA in a research report on Tuesday, March 3rd. Morgan Stanley set a $121.00 target price on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Finally, Bank of America restated a “buy” rating and set a $125.00 target price on shares of SEA in a research report on Monday, March 9th. One 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 company’s stock. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $161.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC lifted its position in SEA by 114.0% during the third 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 period. Zions Bancorporation National Association UT lifted its position in 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 valued at $39,000 after purchasing an additional 259 shares during the period. Holos Integrated Wealth LLC acquired a new position in SEA during the fourth quarter valued at $44,000. Cullen Frost Bankers Inc. lifted its position in SEA by 41.9% during the third quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock valued at $100,000 after purchasing an additional 165 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its position in SEA by 44.4% during the third quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after purchasing an additional 200 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.