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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $101.51, for a total value of $3,045,300.00. Following the sale, the insider owned 60,000 shares in the company, valued at approximately $6,090,600. The trade was a 33.33% decrease in their position. The transaction 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 Wednesday, September 16th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $104.13, for a total transaction 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 transaction 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 transaction 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 transaction of $3,266,100.00.

SEA Trading Up 1.0%

NYSE SE opened at $103.71 on Wednesday. The firm’s 50 day moving average price is $111.51 and its two-hundred day moving average price is $97.07. 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 Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $193.48. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 1.03 and a beta of 1.51.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company earned $0.65 EPS. SEA’s revenue for the quarter was up 48.3% on a year-over-year basis. Equities analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Trading of SEA

A number of institutional investors have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG increased its position in shares of SEA by 1.8% in the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after purchasing an additional 115 shares during the period. SlateStone Wealth LLC lifted its position in SEA by 0.5% during the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC lifted its position in SEA by 6.6% during the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after purchasing an additional 170 shares during the period. Cornerstone Planning Group LLC grew its stake in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares in the last quarter. Finally, Dorsey Wright & Associates grew its stake in SEA by 2.3% during the fourth quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock worth $1,660,000 after buying an additional 298 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on SE shares. 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. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 target price on shares of SEA and gave the company a “buy” rating in a research note on Monday, September 7th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Finally, Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.40.

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.