Insider Selling: SEA (NYSE:SE) Insider Sells $3,062,700.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of SEA stock in a transaction on Monday, September 21st. The stock was sold at an average price of $102.09, for a total transaction of $3,062,700.00. Following the transaction, the insider owned 30,000 shares in the company, valued at approximately $3,062,700. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, September 18th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $101.51, for a total value of $3,045,300.00.
• 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 stock was 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 stock was 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 shares were sold at an average price of $108.87, for a total value of $3,266,100.00.

SEA Trading Down 1.1%

Shares of SE stock opened at $99.66 on Friday. The stock has a market cap of $60.89 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 1.01 and a beta of 1.51. The stock has a 50-day moving average of $111.16 and a 200-day moving average of $97.20. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $193.48.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SE shares. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. TD Cowen reiterated a “hold” rating on shares of SEA in a report on Monday, August 17th. 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. Finally, Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $149.40.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of SE. SG Americas Securities LLC raised its holdings in shares of SEA by 5.7% during the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after purchasing an additional 88,431 shares during the period. Carrhae Capital LLP bought a new stake in SEA in the 2nd quarter valued at about $140,501,000. Baird Financial Group Inc. increased its position in SEA by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after buying an additional 50,965 shares in the last quarter. Charles Lim Capital Ltd raised 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 worth $95,678,000 after buying an additional 475,000 shares during the period. Finally, Carmignac Gestion raised its stake in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after buying an additional 14,242 shares during the period. Institutional investors own 59.53% of the company’s stock.

About SEA

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.