Insider Selling: SEA (NYSE:SE) Insider Sells $3,045,300.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of SEA stock in a transaction on Friday, September 18th. The stock was sold at an average price of $101.51, for a total transaction of $3,045,300.00. Following the transaction, the insider directly owned 60,000 shares of the company’s stock, valued at $6,090,600. This represents a 33.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, September 21st, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $102.09, for a total transaction of $3,062,700.00.
• On Wednesday, September 16th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $104.13, for a total value of $3,123,900.00.
• On Monday, September 14th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $107.94, for a total value of $3,238,200.00.
• On Friday, September 11th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $107.51, for a total value of $3,225,300.00.
• On Wednesday, September 9th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $108.87, for a total value of $3,266,100.00.

SEA Price Performance

Shares of SE opened at $103.37 on Thursday. The firm has a market cap of $63.16 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $193.48. The business’s 50 day moving average price is $111.35 and its two-hundred day moving average price is $97.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SE shares. Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC raised its holdings in shares of SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Independence Bank of Kentucky boosted its stake in SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after purchasing an additional 1,100 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after purchasing an additional 573 shares in the last quarter. Osbon Capital Management LLC bought a new stake in SEA during the 4th quarter worth approximately $175,000. Finally, HB Wealth Management LLC purchased a new stake in shares of SEA in the second quarter worth approximately $203,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.