Jingye Chen Sells 800 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $82.66, for a total transaction of $66,128.00. Following the completion of the transaction, the insider directly owned 232,000 shares in the company, valued at approximately $19,177,120. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 25th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $81.87, for a total transaction of $65,496.00.
• On Monday, March 23rd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $80.11, for a total value of $64,088.00.
• On Thursday, March 19th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $80.97, for a total value of $64,776.00.

SEA Trading Down 0.4%

Shares of SEA stock traded down $0.30 during trading on Thursday, reaching $81.86. 686,027 shares of the company were exchanged, compared to its average volume of 5,842,792. The business has a 50-day moving average price of $100.61 and a 200-day moving average price of $132.62. The firm has a market capitalization of $48.22 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 0.77 and a beta of 1.69. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30.

SEA (NYSE:SE) last issued its 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). The company had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.SEA’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Wedbush lowered their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of SEA in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.83.

Institutional Inflows and Outflows

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

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.