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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of SEA stock in a transaction on Monday, May 18th. The stock was sold at an average price of $88.02, for a total transaction of $70,416.00. Following the completion of the transaction, the insider directly owned 206,400 shares in the company, valued at approximately $18,167,328. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.35, for a total transaction of $69,080.00.
• On Friday, May 15th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $88.58, for a total transaction of $70,864.00.
• On Wednesday, May 13th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $94.62, for a total transaction of $75,696.00.
• On Monday, May 11th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $83.74, for a total transaction of $66,992.00.
• On Thursday, May 7th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.85, for a total transaction of $71,880.00.
• On Tuesday, May 5th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $84.67, for a total transaction of $67,736.00.
• On Friday, May 1st, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.14, for a total transaction of $68,912.00.
• On Wednesday, April 29th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $83.31, for a total transaction of $66,648.00.
• On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.93, for a total transaction of $68,744.00.
• On Friday, April 24th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $84.58, for a total transaction of $67,664.00.

SEA Stock Up 2.8%

Shares of NYSE SE opened at $88.94 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The firm’s fifty day moving average is $85.42 and its 200 day moving average is $110.83. The company has a market cap of $54.35 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 0.88 and a beta of 1.57.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Institutional Trading of SEA

A number of hedge funds have recently modified their holdings of the business. Fred Alger Management LLC boosted its holdings in shares of SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after buying an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of SEA by 5.7% during the 1st 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 buying an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd boosted its holdings in shares of 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 valued at $95,678,000 after buying an additional 475,000 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of SEA by 32.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after buying an additional 175,746 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Bank of America reiterated a “buy” rating and issued a $125.00 price target on shares of SEA in a report on Monday, March 9th. Finally, Sanford C. Bernstein cut their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average price target of $158.41.

Key Headlines Impacting SEA

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Sea’s first-quarter update was described as strong, with Shopee and digital financial services driving growth through higher orders, better revenue, loyalty program gains, logistics improvements, and expansion of the fintech business into Brazil. Sea First Quarter Strength Tests E Commerce And Fintech Margin Trade Off
• Positive Sentiment: Recent coverage has framed Sea as potentially undervalued, with continued market-share gains helping support the long-term growth story. Is Sea Limited Stock an Undervalued Stock to Buy?
• Neutral Sentiment: Analysts remain generally constructive after earnings, though J.P. Morgan trimmed its price target slightly while keeping an Overweight rating, suggesting the outlook is still favorable overall. Analysts Adjust Price Targets on Sea Limited (SE) After Q1 Report
• Negative Sentiment: Recent insider sales by COO Gang Ye and executives Jingye Chen and Yanjun Wang may be pressuring sentiment, as multiple executives reduced their holdings in recent days. SEC filing for Gang Ye sale

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.