SEA (NYSE:SE) Insider Jingye Chen Sells 800 Shares

Key Points

• SEA insider Jingye Chen sold 800 shares on May 26 at an average price of $89.45, worth about $71,560. After the sale, Chen still held 202,400 shares, and this was a small 0.39% reduction in ownership.
• Chen has been selling 800 shares repeatedly in recent trading sessions, including multiple transactions throughout late April and May at prices ranging roughly from $83 to $95 per share.
• SEA recently reported mixed quarterly results: earnings per share of $0.67 missed estimates, but revenue of $7.10 billion beat expectations and rose 46.6% year over year. Analysts currently rate the stock a Moderate Buy with a consensus price target of $158.41.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 800 shares of SEA stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $89.45, for a total value of $71,560.00. Following the sale, the insider owned 202,400 shares in the company, valued at $18,104,680. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value 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 value 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 value 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 value of $70,864.00.
• On Wednesday, May 13th, Jingye Chen sold 800 shares of SEA stock. The stock was 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 stock was sold at an average price of $83.74, for a total value of $66,992.00.
• On Thursday, May 7th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.85, for a total value of $71,880.00.
• On Tuesday, May 5th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $84.67, for a total value of $67,736.00.
• On Friday, May 1st, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.14, for a total value of $68,912.00.
• 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 value of $66,648.00.

SEA Stock Performance

Shares of SEA stock opened at $93.54 on Thursday. The business's fifty day simple moving average is $85.64 and its 200 day simple moving average is $108.94. The firm has a market capitalization of $57.16 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.56 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion during the quarter, compared to analysts' expectations of $6.46 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The business's quarterly revenue was up 46.6% compared to the same quarter last year. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 3.39 EPS for the current year.

Hedge Funds Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Woodline Partners LP purchased a new position in shares of SEA in the first quarter valued at $4,028,000. BI Asset Management Fondsmaeglerselskab A S grew its position in SEA by 248.7% during the second 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 grew its position in SEA by 4.2% during the second 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 grew its position in SEA by 5.4% during the second 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 grew its position in SEA by 21.1% during the second 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. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SE has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of SEA in a research report on Friday, March 27th. Bank of America reissued a "buy" rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. TD Cowen raised their target price on SEA from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Wednesday, May 13th. Barclays raised their target price on SEA from $120.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. One 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 given a Sell rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.41.

About SEA

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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