Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) insider Jingye Chen sold 800 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $86.35, for a total transaction of $69,080.00. Following the completion of the transaction, the insider owned 204,800 shares of the company’s stock, valued at $17,684,480. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Jingye Chen also recently made the following trade(s):
- On Monday, May 18th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $88.02, for a total transaction of $70,416.00.
- On Friday, May 15th, Jingye Chen sold 800 shares of SEA stock. The shares were 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 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $84.58, for a total transaction of $67,664.00.
SEA Stock Performance
SE opened at $87.25 on Friday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The company has a market cap of $53.31 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. The firm’s 50-day moving average price is $85.41 and its 200-day moving average price is $110.67.
Institutional Investors Weigh In On SEA
Several hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its position in SEA by 1.9% in the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after purchasing an additional 98 shares in the last quarter. Belpointe Asset Management LLC boosted its position in SEA by 1.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock worth $1,033,000 after purchasing an additional 103 shares in the last quarter. Rothschild Investment LLC boosted its position in SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Cloud Capital Management LLC boosted its position in SEA by 8.0% in the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after purchasing an additional 148 shares in the last quarter. Finally, SlateStone Wealth LLC boosted its position in SEA by 0.5% in the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on SE. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Sanford C. Bernstein dropped their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Morgan Stanley set a $121.00 target price on SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. TD Cowen upped their target price on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.41.
View Our Latest Stock Analysis on SEA
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.
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