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

Sea Limited Sponsored ADR (NYSE:SE) insider Jingye Chen sold 800 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $88.58, for a total transaction of $70,864.00. Following the sale, the insider directly owned 207,200 shares in the company, valued at $18,353,776. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, May 13th, Jingye Chen sold 800 shares of SEA stock. The shares were 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 shares were 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 shares were 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 value 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 value of $66,648.00.
• On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.93, for a total value 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 value of $67,664.00.
• On Wednesday, April 22nd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.99, for a total value of $68,792.00.
• On Monday, April 20th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $89.56, for a total value of $71,648.00.

SEA Trading Down 1.5%

Shares of SEA stock opened at $87.01 on Wednesday. The business has a fifty day simple moving average of $85.50 and a two-hundred day simple moving average of $111.80. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a market capitalization of $53.17 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 0.90 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last released its quarterly earnings data 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 company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. SEA’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Research analysts forecast that Sea Limited Sponsored ADR will post 3.39 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in SEA by 43.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after acquiring an additional 751 shares during the period. Entropy Technologies LP bought a new position in SEA during the first quarter worth about $678,000. Andra AP fonden increased its position in SEA by 69.8% during the first quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore’s stock worth $4,977,000 after acquiring an additional 24,700 shares during the period. Parallel Advisors LLC increased its position in SEA by 8.5% during the first quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock worth $501,000 after acquiring an additional 474 shares during the period. Finally, Cornerstone Planning Group LLC increased its position in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after acquiring an additional 174 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SE. Bank of America reissued a “buy” rating and issued a $125.00 price target on shares of SEA in a report on Monday, March 9th. Barclays upped their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Sanford C. Bernstein lowered their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. decreased their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.41.

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.