Key Points
- Gang Ye sold 10,000 shares of Sea Limited on April 1 at an average price of $84.28 for $842,800, leaving the COO with 410,000 shares (a 2.38% reduction in his stake).
- This was part of a string of insider disposals — five separate 10,000-share sales between March 18 and April 1, totaling 50,000 shares sold in less than three weeks.
- Sea beat revenue estimates with $6.85B for the quarter but missed EPS at $0.63 versus $0.91 expected; analysts hold a consensus "Moderate Buy" with an average price target of $166.83.
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 1st. The stock was sold at an average price of $82.66, for a total value of $66,128.00. Following the completion of the sale, the insider directly owned 232,000 shares of the company's stock, valued at approximately $19,177,120. This trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value 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 stock was sold at an average price of $80.97, for a total value of $64,776.00.
SEA Trading Down 0.0%
NYSE:SE opened at $82.16 on Friday. The stock has a market cap of $48.40 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. 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 debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. The stock's 50-day moving average is $99.80 and its two-hundred day moving average is $132.27.
SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.28). The company had revenue of $6.85 billion during the quarter, compared to analysts' expectations 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 last year, the company earned $0.39 earnings per share. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Osbon Capital Management LLC bought a new position in shares of SEA during the 4th quarter valued at $175,000. Dorsey Wright & Associates boosted its holdings in SEA by 2.3% in the fourth quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore's stock worth $1,660,000 after purchasing an additional 298 shares in the last quarter. State of Tennessee Department of Treasury increased its position in SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore's stock worth $83,750,000 after buying an additional 175,746 shares during the last quarter. Align Financial LLC acquired a new position in SEA during the fourth quarter worth $2,897,000. Finally, Advisory Services Network LLC raised its holdings in SEA by 7.1% during the fourth quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore's stock valued at $460,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on SE. Sanford C. Bernstein decreased their target price on shares of SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, March 4th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $150.00 price target on shares of SEA in a research note on Tuesday, March 3rd. Barclays cut their price objective on SEA from $226.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, March 5th. Bank of America restated a "buy" rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Finally, Morgan Stanley set a $121.00 target price on SEA and gave the stock an "overweight" rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $166.83.
Get Our Latest Stock Analysis on SE
About SEA
(
Get Free Report)
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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