Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) insider Jingye Chen sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $86.35, for a total value of $69,080.00. Following the completion of the sale, the insider directly owned 204,800 shares in the company, valued at approximately $17,684,480. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Jingye Chen also recently made the following trade(s):
- 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 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 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 shares were 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 shares were sold at an average price of $83.31, for a total transaction 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 transaction of $68,744.00.
- On Friday, April 24th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $84.58, for a total transaction of $67,664.00.
SEA Price Performance
NYSE SE opened at $88.94 on Friday. The company has a 50-day moving average price of $85.42 and a two-hundred day moving average price of $110.83. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The stock has a market cap of $54.35 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.
Wall Street Analyst Weigh In
SE has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Barclays lifted their price objective on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. TD Cowen increased their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein lowered their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.
Institutional Investors Weigh In On SEA
Several hedge funds have recently modified their holdings of SE. Rothschild Investment LLC increased its stake in SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Zions Bancorporation National Association UT lifted its stake in SEA by 539.6% during 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 buying an additional 259 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of SEA in the fourth quarter worth about $44,000. Cornerstone Planning Group LLC boosted its holdings in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of SEA by 41.9% in the third quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after acquiring an additional 165 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.
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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