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 Monday, May 18th. The stock was sold at an average price of $88.02, for a total transaction of $70,416.00. Following the sale, the insider owned 206,400 shares in the company, valued at approximately $18,167,328. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Jingye Chen also recently made the following trade(s):
- On Friday, May 15th, Jingye Chen sold 800 shares of SEA stock. The shares were 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 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 shares were 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 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 stock was 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 stock was 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 shares were sold at an average price of $84.58, for a total transaction of $67,664.00.
- On Wednesday, April 22nd, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.99, for a total transaction of $68,792.00.
SEA Stock Performance
NYSE:SE opened at $87.01 on Wednesday. The company has a market cap of $53.17 billion, a P/E ratio of 34.26, a P/E/G ratio of 0.90 and a beta of 1.57. The firm’s 50 day moving average is $85.50 and its two-hundred day moving average is $111.80. 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 quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.
Institutional Investors Weigh In On SEA
Several hedge funds have recently modified their holdings of the stock. 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 acquiring an additional 106 shares in the last quarter. Zions Bancorporation National Association UT lifted its position in shares of 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 worth $39,000 after purchasing an additional 259 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of SEA in the fourth quarter valued at $44,000. Cullen Frost Bankers Inc. boosted its stake 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 valued at $100,000 after purchasing an additional 165 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in SEA by 44.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after purchasing an additional 200 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Barclays raised their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. TD Cowen lifted their price target 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. Bank of America reiterated a “buy” rating and set a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.41.
View Our Latest Analysis on SE
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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