Key Points
- SEA COO Gang Ye sold 10,000 shares on Friday, May 22 at an average price of $87.85, totaling $878,500. After the sale, he still held 240,000 shares valued at about $21.08 million.
- The sale is part of a steady pattern of insider selling; Ye has repeatedly sold 10,000 shares in multiple transactions throughout May and late April.
- SEA recently reported mixed quarterly results, missing EPS estimates at $0.67 versus $0.75 expected, while revenue came in above forecasts at $7.10 billion, up 46.6% year over year.
Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Jingye Chen sold 800 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $87.84, for a total transaction of $70,272.00. Following the completion of the transaction, the insider directly owned 203,200 shares of the company's stock, valued at $17,849,088. This trade represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jingye Chen also recently made the following trade(s):
- 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 stock was sold at an average price of $94.62, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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.
- On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.93, for a total value of $68,744.00.
SEA Stock Performance
Shares of SE opened at $89.00 on Wednesday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The stock has a fifty day moving average price of $85.52 and a 200-day moving average price of $109.37. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm has a market cap of $54.38 billion, a PE ratio of 35.04, a P/E/G ratio of 0.89 and a beta of 1.57.
SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The business had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $6.46 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business's revenue for the quarter was up 46.6% on a year-over-year basis. Equities research analysts predict that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently commented on SE shares. Barclays increased their price objective on SEA from $120.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. Sanford C. Bernstein decreased their price objective on SEA from $170.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, March 4th. Bank of America reiterated a "buy" rating and set a $125.00 price objective on shares of SEA in a report on Monday, March 9th. TD Cowen increased their price objective on SEA from $100.00 to $108.00 and gave the company a "hold" rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of SEA in a research note on Tuesday, May 12th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.41.
Check Out Our Latest Research Report on SEA
Hedge Funds Weigh In On SEA
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in SEA by 43.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore's stock worth $206,000 after acquiring an additional 751 shares during the last quarter. Entropy Technologies LP purchased a new position in SEA in the 1st quarter worth $678,000. Andra AP fonden raised its stake in SEA by 69.8% in the 1st quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore's stock worth $4,977,000 after acquiring an additional 24,700 shares during the last quarter. Parallel Advisors LLC raised its stake in SEA by 8.5% in the 1st quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore's stock worth $501,000 after acquiring an additional 474 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.
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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