Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) insider Jingye Chen sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $104.13, for a total value of $3,123,900.00. Following the sale, the insider owned 120,000 shares of the company’s stock, valued at approximately $12,495,600. The trade was a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jingye Chen also recently made the following trade(s):
- On Monday, September 14th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $107.94, for a total value of $3,238,200.00.
- On Friday, September 11th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $107.51, for a total value of $3,225,300.00.
- On Wednesday, September 9th, Jingye Chen sold 30,000 shares of SEA stock. The stock was sold at an average price of $108.87, for a total transaction of $3,266,100.00.
SEA Trading Up 1.0%
Shares of SEA stock opened at $103.72 on Thursday. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $195.48. The company’s fifty day simple moving average is $112.14 and its 200-day simple moving average is $96.93. The company has a market cap of $63.38 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 1.03 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.
Hedge Funds Weigh In On SEA
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of SEA by 129.6% in the second quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock valued at $495,000 after acquiring an additional 2,917 shares during the last quarter. Whetstone Capital Advisors LLC bought a new stake in shares of SEA during the second quarter worth $8,191,000. National Pension Service increased its stake in shares of SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after buying an additional 54,819 shares in the last quarter. C WorldWide Group Holding A S raised its holdings in shares of SEA by 2.6% in the second quarter. C WorldWide Group Holding A S now owns 198,560 shares of the Internet company based in Singapore’s stock valued at $19,028,000 after buying an additional 4,953 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in SEA by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after acquiring an additional 50,965 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.
Key SEA News
Here are the key news stories impacting SEA this week:
- Positive Sentiment: Brokerages assign Sea a consensus “Moderate Buy” rating, with an average price target of $149.40—well above the recently cited share price near $103. Royal Bank of Canada upgraded the stock to “buy,” while Benchmark raised its target to $175.00. Sea Limited receives Moderate Buy rating
- Positive Sentiment: Institutional ownership stands at approximately 59.53%, and several investment firms increased their positions during the second quarter, including the National Pension Service and Baird Financial Group. This may provide a measure of institutional support for SE.
- Positive Sentiment: Sea’s most recent quarter showed strong revenue growth of 48.3% year over year to $7.79 billion, surpassing analyst expectations of $7.12 billion. The company also maintains a relatively conservative balance sheet, with debt-to-equity of just 0.07.
- Neutral Sentiment: Despite the growth outlook, Sea trades at an elevated valuation of roughly 40 times earnings. Analysts expect full-year earnings per share of about $2.91, leaving the stock vulnerable to volatility if growth or profitability disappoints.
- Negative Sentiment: Several insiders have recently sold shares. COO Gang Ye sold 20,000 shares for approximately $2.16 million, while Jingye Chen sold 60,000 shares across September 11 and 14 for about $6.46 million. Yanjun Wang also sold 1,500 shares for $162,480, reducing his ownership by 25.51%. The cluster of transactions may weigh on investor sentiment. SEA insider stock sales
- Negative Sentiment: Sea’s latest quarterly EPS of $0.70 missed the $0.86 consensus estimate, even though revenue exceeded expectations. The earnings shortfall is an important risk for a stock carrying a premium valuation.
Wall Street Analysts Forecast Growth
Several research firms have commented on SE. Barclays upped their price target on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 price target on shares of SEA and gave the stock a “buy” rating in a research note on Monday, September 7th. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Benchmark lifted their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued 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 $149.40.
Check Out Our Latest Report on SEA
About SEA
Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.
Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.
Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.
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