Insider Selling: SEA (NYSE:SE) Insider Sells $3,238,200.00 in Stock

Key Points

• SEA insider Jingye Chen sold 30,000 shares at an average price of $107.94, generating $3.24 million; Chen retained 180,000 shares. This follows two additional 30,000-share sales earlier in September.
• SEA’s latest quarter showed 48.3% year-over-year revenue growth to $7.79 billion, exceeding estimates, though earnings per share of $0.70 missed the $0.86 consensus.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and $149.40 price target, while institutional investors own 59.53% of the company.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 30,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was 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 in the company, valued at approximately $19,429,200. This represents a 14.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, September 11th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $107.51, for a total transaction of $3,225,300.00.
• On Wednesday, September 9th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $108.87, for a total transaction of $3,266,100.00.

SEA Stock Performance

SE opened at $108.49 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a fifty day moving average price of $112.21 and a 200 day moving average price of $96.99. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $196.45. The stock has a market cap of $66.29 billion, a P/E ratio of 41.89, a P/E/G ratio of 1.07 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last announced its quarterly 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 firm had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the company posted $0.65 earnings per share. The business's quarterly revenue was up 48.3% on a year-over-year basis. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Arete Research set a $152.00 price target on SEA and gave the stock a "buy" rating in a report on Monday, September 7th. Barclays increased their price target on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Finally, Zacks Research cut SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

Institutional Trading of SEA

Several institutional investors have recently modified their holdings of SE. California State Teachers Retirement System boosted its stake in SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore's stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares during the last quarter. Carrhae Capital LLP acquired a new stake in shares of SEA in the second quarter valued at about $140,501,000. SG Americas Securities LLC raised its position in shares of SEA by 5.7% in the first 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 during the last quarter. Charles Lim Capital Ltd lifted its stake in shares of SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock worth $95,678,000 after buying an additional 475,000 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after acquiring an additional 50,965 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.