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

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) insider Jingye Chen sold 800 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $80.11, for a total transaction of $64,088.00. Following the completion of the sale, the insider owned 237,600 shares of the company’s stock, valued at $19,034,136. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • 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 transaction of $64,776.00.

SEA Price Performance

SE stock opened at $78.17 on Wednesday. The stock has a market capitalization of $46.05 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. The company’s 50-day moving average is $105.64 and its 200-day moving average is $136.98. 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.

SEA (NYSE:SEGet Free Report) last issued its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 38.4% on a year-over-year basis. Equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fred Alger Management LLC grew its holdings in SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in SEA by 24.4% during 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 acquiring an additional 350,840 shares in the last quarter. Charles Lim Capital Ltd lifted its stake in SEA by 172.7% during 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 acquiring an additional 475,000 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in SEA by 32.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after acquiring an additional 175,746 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in SEA by 14.4% during the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock worth $88,924,000 after acquiring an additional 70,070 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA News Summary

Here are the key news stories impacting SEA this week:

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SE. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Sanford C. Bernstein decreased their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a report on Monday, December 29th. Finally, Barclays dropped their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. One investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.83.

Get Our Latest Analysis on SE

SEA Company Profile

(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.

See Also

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

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