SEA (NYSE:SE) Insider Jingye Chen Sells 30,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $107.94, for a total value of $3,238,200.00. Following the transaction, the insider owned 180,000 shares in the company, valued at approximately $19,429,200. This represents a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction of $3,266,100.00.

SEA Trading Down 5.4%

SE opened at $102.81 on Wednesday. The firm has a market cap of $62.82 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 1.09 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $112.18 and a 200-day moving average price of $96.98. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $195.48.

SEA (NYSE:SE) last released its quarterly earnings results 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 firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SE. Benchmark raised their price target on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 price objective on SEA and gave the stock a “buy” rating in a research report on Monday, September 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Barclays lifted their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average price target of $149.40.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. MCF Advisors LLC grew its stake in SEA by 129.6% during the 2nd quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock valued at $495,000 after acquiring an additional 2,917 shares in the last quarter. Whetstone Capital Advisors LLC purchased a new position in SEA in the 2nd quarter worth approximately $8,191,000. National Pension Service lifted its stake in SEA by 10.0% in the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after purchasing an additional 54,819 shares in the last quarter. C WorldWide Group Holding A S lifted its stake in SEA by 2.6% in the 2nd quarter. C WorldWide Group Holding A S now owns 198,560 shares of the Internet company based in Singapore’s stock worth $19,028,000 after purchasing an additional 4,953 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of SEA by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after purchasing an additional 50,965 shares during the last quarter. 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.