SEA (NYSE:SE) Insider Sells $64,088.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 237,600 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available at this hyperlink.

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 Stock Up 1.3%

SE opened at $79.89 on Tuesday. The stock has a market cap of $47.06 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. The firm’s fifty day moving average is $106.66 and its 200 day moving average is $137.77. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

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

Institutional Investors Weigh In On SEA

A number of hedge funds have recently made changes to their positions in SE. Salomon & Ludwin LLC boosted its stake in SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after buying an additional 143 shares during the last quarter. Sound Income Strategies LLC bought a new stake in SEA in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC raised its holdings in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SEA during the 2nd quarter worth approximately $50,000. Finally, Zions Bancorporation National Association UT boosted its position in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 259 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America reissued a “buy” rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Barclays dropped their price target on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Monday, December 29th. Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Finally, Jefferies Financial Group restated a “buy” rating and set a $150.00 target price on shares of SEA in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average target price of $166.83.

SEA Company Profile

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.