Insider Selling: SEA (NYSE:SE) Insider Sells 30,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $107.94, for a total value of $3,238,200.00. Following the completion of the sale, the insider owned 180,000 shares of the company’s stock, valued at $19,429,200. This trade represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 11th, Jingye Chen sold 30,000 shares of SEA stock. The shares were 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 stock was sold at an average price of $108.87, for a total value of $3,266,100.00.

SEA Stock Performance

NYSE SE opened at $108.49 on Tuesday. The stock’s fifty day moving average is $112.21 and its two-hundred day moving average is $96.99. The firm has a market capitalization of $66.29 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. 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 fifty-two week low of $77.05 and a fifty-two week high of $196.45.

SEA (NYSE:SE) last issued 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 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 last year, the business earned $0.65 earnings per share. The firm’s revenue was up 48.3% compared to the same quarter last year. On average, research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of SE. MCF Advisors LLC lifted its position in SEA by 129.6% in the second quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock valued at $495,000 after buying an additional 2,917 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of SEA during the second quarter valued at about $8,191,000. National Pension Service increased its position in shares of SEA by 10.0% during the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after acquiring an additional 54,819 shares during the last quarter. C WorldWide Group Holding A S raised its stake in shares of SEA by 2.6% in the 2nd quarter. C WorldWide Group Holding A S now owns 198,560 shares of the Internet company based in Singapore’s stock valued at $19,028,000 after acquiring an additional 4,953 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of 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 acquiring an additional 50,965 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SE. Barclays raised their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Arete Research set a $152.00 price target on shares of SEA and gave the company a “buy” rating in a research report on Monday, September 7th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.