Insider Selling: SEA (NYSE:SE) Insider Sells 800 Shares of Stock

Key Points

• Insider selling: Jingye Chen sold 800 shares on April 22 at $85.99 and has executed 11 separate 800-share sales from March 23–April 22, totaling 8,800 shares, leaving them with 220,800 shares after the latest sale.
• Recent results and stock metrics: SEA missed EPS ($0.63 vs. $0.91) but beat revenue ($6.85B, +38.4% y/y); the stock has a $49.08B market cap, P/E 33.06, 50-day SMA $90.97 vs. 200-day SMA $121.82, and a 12-month range of $77.05–$199.30.
• Analyst and institutional view: Analysts hold a "Moderate Buy" consensus with an average price target of $161.66 (majority Buy ratings), and institutional investors own about 59.53% of the shares.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 800 shares of the firm's stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $85.99, for a total value of $68,792.00. Following the completion of the sale, the insider directly owned 220,800 shares of the company's stock, valued at $18,986,592. The trade was a 0.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.56, for a total value of $71,648.00.
• On Friday, April 17th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $92.07, for a total value of $73,656.00.
• On Wednesday, April 15th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $88.89, for a total value of $71,112.00.
• On Monday, April 13th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.75, for a total value of $68,600.00.
• On Friday, April 10th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.74, for a total value of $68,592.00.
• On Wednesday, April 8th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $86.62, for a total value of $69,296.00.
• On Monday, April 6th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $82.98, for a total value of $66,384.00.
• On Wednesday, April 1st, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $82.66, for a total value of $66,128.00.
• On Wednesday, March 25th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $81.87, for a total value of $65,496.00.
• On Monday, March 23rd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $80.11, for a total value of $64,088.00.

SEA Stock Performance

Shares of SEA stock opened at $83.31 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $49.08 billion, a P/E ratio of 33.06, a P/E/G ratio of 0.87 and a beta of 1.69. The business has a fifty day simple moving average of $90.97 and a two-hundred day simple moving average of $121.82. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to analysts' expectations of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The business's quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 3.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several large investors have recently modified their holdings of SE. Woodline Partners LP bought a new stake in SEA in the 1st quarter worth about $4,028,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in SEA by 248.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore's stock worth $6,268,000 after buying an additional 27,953 shares in the last quarter. Captrust Financial Advisors increased its holdings in SEA by 4.2% in the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore's stock worth $4,348,000 after buying an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in SEA by 5.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore's stock worth $86,880,000 after buying an additional 27,964 shares in the last quarter. Finally, Morse Asset Management Inc increased its holdings in SEA by 21.1% in the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore's stock worth $1,946,000 after buying an additional 2,121 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America reissued a "buy" rating and set a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $150.00 price target on shares of SEA in a research report on Tuesday, March 3rd. Barclays lowered their price target on SEA from $226.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SEA in a research report on Friday, March 27th. Finally, Sanford C. Bernstein lowered their price target on SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.66.

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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