Jingye Chen Sells 800 Shares of SEA (NYSE:SE) Stock

Key Points

• Insider Jingye Chen sold 800 shares of Sea on April 1 at an average price of $82.66 — the fourth 800-share sale in recent weeks — trimming his stake by 0.34% to 232,000 shares (about $19.18M).
• Sea reported an EPS miss ($0.63 vs. $0.91) but a revenue beat ($6.85B vs. $6.42B) with 38.4% YoY revenue growth; the stock trades near $81.86, has a market cap of roughly $48.2B, and carries a consensus Moderate Buy price target of $166.83.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 800 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $82.66, for a total transaction of $66,128.00. Following the transaction, the insider owned 232,000 shares in the company, valued at approximately $19,177,120. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $65,496.00.
• On Monday, March 23rd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $80.11, for a total value of $64,088.00.
• On Thursday, March 19th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $80.97, for a total value of $64,776.00.

SEA Stock Performance

SEA stock traded down $0.30 during trading hours on Thursday, hitting $81.86. The stock had a trading volume of 686,027 shares, compared to its average volume of 5,842,792. The company has a 50-day moving average of $100.61 and a two-hundred day moving average of $132.62. 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 Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a market cap of $48.22 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69.

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 earnings per share 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 analyst estimates of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.SEA's revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. On average, equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of several analyst reports. Morgan Stanley set a $121.00 price target on shares of SEA and gave the company an "overweight" rating in a report on Friday, March 13th. Bank of America reaffirmed a "buy" rating and set a $125.00 price objective on shares of SEA in a report on Monday, March 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of SEA in a research report on Friday, March 27th. Zacks Research cut shares of SEA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 10th. Finally, Wedbush dropped their price target on shares of SEA from $190.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $166.83.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC boosted its stake in shares of SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore's stock valued at $27,000 after purchasing an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new position in SEA in the third quarter valued at about $29,000. Rothschild Investment LLC lifted its position in SEA by 114.0% during the 3rd 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 in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SEA during the second quarter worth $50,000. Finally, Zions Bancorporation National Association UT boosted its holdings in SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 259 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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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