SEA (NYSE:SE) Rating Increased to Strong-Buy at Arete Research

SEA (NYSE:SEGet Free Report) was upgraded by Arete Research to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other research analysts have also issued reports on SE. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday. TD Cowen reiterated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.40.

View Our Latest Research Report on SE

SEA Price Performance

Shares of NYSE SE opened at $113.48 on Monday. The stock has a fifty day moving average price of $111.85 and a 200 day moving average price of $97.11. SEA has a 1-year low of $77.05 and a 1-year high of $199.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market cap of $69.34 billion, a PE ratio of 43.82, a P/E/G ratio of 1.12 and a beta of 1.51.

SEA (NYSE:SEGet Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 48.3% compared to the same quarter last year. Sell-side analysts forecast that SEA will post 2.91 EPS for the current year.

Insider Buying and Selling at SEA

In related news, President Zhimin Feng sold 4,116 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $120.45, for a total value of $495,772.20. Following the sale, the president owned 208,291 shares in the company, valued at $25,088,650.95. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Yanjun Wang sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $112.48, for a total value of $168,720.00. Following the completion of the transaction, the insider directly owned 14,100 shares of the company’s stock, valued at $1,585,968. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,986,366 shares of company stock worth $242,587,076. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

Several large investors have recently bought and sold shares of SE. Zions Bancorporation National Association UT raised its stake in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 259 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of 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 buying an additional 174 shares in the last quarter. Independence Bank of Kentucky grew its stake in SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after acquiring an additional 1,100 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after acquiring an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in SEA in the 4th quarter valued at about $175,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SEA (NYSE:SE)

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