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

Key Points

• Sea Limited insider Jingye Chen sold 800 shares on May 28 at an average price of $91.98, totaling $73,584. After the sale, Chen still held 200,800 shares valued at about $18.47 million.
• The transaction was part of a series of repeated insider sales by Chen throughout May, with multiple 800-share sales reported at varying prices.
• SEA shares were down 1.5% and the company recently reported mixed quarterly results, missing EPS estimates but beating revenue expectations with 46.6% year-over-year revenue growth.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 800 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $91.98, for a total transaction of $73,584.00. Following the completion of the transaction, the insider directly owned 200,800 shares in the company, valued at approximately $18,469,584. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 26th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.45, for a total value of $71,560.00.
• On Friday, May 22nd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $87.84, for a total transaction of $70,272.00.
• On Wednesday, May 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.35, for a total transaction of $69,080.00.
• On Monday, May 18th, Jingye Chen sold 800 shares of SEA stock. The stock was 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 stock was 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 value 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.

SEA Stock Down 1.5%

SEA stock opened at $92.01 on Friday. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The firm has a 50 day moving average price of $85.73 and a 200-day moving average price of $108.54. The company has a market capitalization of $56.22 billion, a P/E ratio of 36.23, a P/E/G ratio of 0.96 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm's revenue was up 46.6% on a year-over-year basis. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 3.39 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SE. Bank of America reiterated a "buy" rating and set a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SEA in a report on Friday, March 27th. JPMorgan Chase & Co. cut their price target on shares of SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the company an "overweight" rating in a research report on Friday, March 13th. Finally, Sanford C. Bernstein cut their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.54.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently modified their holdings of SE. Venturi Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 98 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of 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 valued at $1,033,000 after purchasing an additional 103 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore's stock worth $36,000 after buying an additional 106 shares during the last quarter. Cloud Capital Management LLC increased 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 valued at $255,000 after acquiring an additional 148 shares during the period. Finally, SlateStone Wealth LLC increased 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 valued at $3,967,000 after acquiring an additional 150 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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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