SEA (NYSE:SE) Insider Sells $3,062,700.00 in Stock

Key Points

• SEA insider Jingye Chen sold 30,000 shares at an average price of $102.09, generating $3.06 million. The sale reduced Chen’s direct holdings by 50% to 30,000 shares.
• Chen has conducted six consecutive 30,000-share sales since September 9, totaling approximately $18.96 million as the selling prices declined from $108.87 to $102.09.
• SEA reported strong revenue growth of 48.3% year over year to $7.79 billion, but quarterly EPS of $0.70 missed estimates. Analysts maintain a consensus “Moderate Buy” rating with a $149.40 target price, versus a recent share price of $103.71.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 30,000 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $102.09, for a total value of $3,062,700.00. Following the completion of the sale, the insider directly owned 30,000 shares of the company's stock, valued at $3,062,700. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 18th, Jingye Chen sold 30,000 shares of SEA stock. The shares were sold at an average price of $101.51, for a total value of $3,045,300.00.
• On Wednesday, September 16th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $104.13, for a total value of $3,123,900.00.
• On Monday, September 14th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $107.94, for a total value of $3,238,200.00.
• 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 Price Performance

SE opened at $103.71 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company's 50-day moving average price is $111.51 and its 200 day moving average price is $97.07. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $193.48. The firm has a market cap of $63.37 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm's revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SE shares. Zacks Research downgraded SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Arete Research set a $152.00 target price on SEA and gave the company a "buy" rating in a research report on Monday, September 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Barclays boosted 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. Finally, Morgan Stanley reissued an "overweight" rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carrhae Capital LLP acquired a new stake in SEA in the 2nd quarter valued at about $140,501,000. SG Americas Securities LLC increased its holdings 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 in the last quarter. Charles Lim Capital Ltd lifted its position in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock valued at $95,678,000 after acquiring an additional 475,000 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of SEA by 6.2% during the 2nd 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 in the last quarter. Finally, Carmignac Gestion grew its holdings in shares of SEA by 2.2% in the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock worth $62,349,000 after acquiring an additional 14,242 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

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.

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