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

Key Points

• Jingye Chen sold 800 shares on 11 occasions between April 8 and May 1 (totaling 8,800 shares), with the latest sale at $86.14 for $68,912, reducing their stake by 0.37% to 215,200 shares.
• Sea reported Q1 EPS of $0.63 (miss vs. $0.91 consensus) while revenue beat at $6.85 billion (vs. $6.42B), and analysts hold a “Moderate Buy” consensus with an average target of $161.66.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 800 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $86.14, for a total transaction of $68,912.00. Following the completion of the transaction, the insider owned 215,200 shares in the company, valued at $18,537,328. This represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $66,648.00.
• On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The stock was 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 stock was sold at an average price of $84.58, for a total transaction of $67,664.00.
• On Wednesday, April 22nd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.99, for a total transaction 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 transaction of $71,648.00.
• On Friday, April 17th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $92.07, for a total transaction of $73,656.00.
• On Wednesday, April 15th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $88.89, for a total transaction of $71,112.00.
• On Monday, April 13th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.75, for a total transaction of $68,600.00.
• On Friday, April 10th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.74, for a total transaction 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 transaction of $69,296.00.

SEA Stock Performance

NYSE:SE opened at $86.20 on Monday. The stock has a market cap of $52.67 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The firm's fifty day simple moving average is $88.49 and its 200 day simple moving average is $117.32. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the firm earned $0.39 EPS. The business's revenue was up 38.4% on a year-over-year basis. As a group, research analysts predict that Sea Limited Sponsored ADR will post 3.32 EPS for the current year.

Hedge Funds Weigh In On SEA

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SE. Jefferies Financial Group restated a "buy" rating and set a $150.00 target price on shares of SEA in a report on Tuesday, March 3rd. JPMorgan Chase & Co. dropped their target price on shares of SEA from $170.00 to $168.00 and set an "overweight" rating on the stock in a report on Monday, April 20th. Barclays dropped their target price on shares of SEA from $226.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, March 5th. Morgan Stanley set a $121.00 price target on SEA and gave the stock an "overweight" rating in a research report on Friday, March 13th. Finally, Bank of America reaffirmed a "buy" rating and issued a $125.00 price target on shares of SEA in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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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