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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the firm’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 sale, the insider owned 237,600 shares in the company, valued at $19,034,136. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $64,776.00.

SEA Price Performance

Shares of SE opened at $79.89 on Tuesday. The firm has a fifty day simple moving average of $106.66 and a two-hundred day simple moving average of $137.77. The firm has a market cap of $47.06 billion, a PE ratio of 31.70, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last released 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 firm had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 38.4% on a year-over-year basis. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lingohr Asset Management GmbH raised its stake in shares of SEA by 219.4% in the third quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore’s stock worth $2,270,000 after buying an additional 8,724 shares during the period. Andra AP fonden lifted its position in shares of SEA by 7.0% during the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after buying an additional 9,400 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of SEA by 14.4% during the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after acquiring an additional 70,070 shares during the period. Fred Alger Management LLC increased its holdings in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after acquiring an additional 521,782 shares in the last quarter. Finally, BNP Paribas increased its holdings in SEA by 34.9% in the 2nd quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore’s stock worth $4,624,000 after acquiring an additional 7,480 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wedbush cut their price target on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of SEA in a report on Monday, March 9th. 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. Finally, Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $166.83.

About SEA

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.