Shares of Sea Limited Sponsored ADR (NYSE:SE – Get Free Report) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $137.73.
Several research firms have recently issued reports on SE. New Street Research cut SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Monday, October 26th. Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. Benchmark raised their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Finally, TD Cowen restated a “hold” rating and issued a $115.00 price objective (up from $100.00) on shares of SEA in a research note on Monday, August 17th.
Check Out Our Latest Stock Analysis on SE
Insider Activity at SEA
In other news, CEO Xiaodong Li sold 1,057,650 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total value of $137,282,970.00. Following the completion of the sale, the chief executive officer directly owned 288,450 shares of the company’s stock, valued at $37,440,810. This represents a 78.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jingye Chen sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the transaction, the insider directly owned 270,000 shares of the company’s stock, valued at approximately $29,394,900. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,005,586 shares of company stock valued at $243,859,568 in the last three months. Corporate insiders own 0.22% of the company’s stock.
Hedge Funds Weigh In On SEA
Several hedge funds have recently modified their holdings of the stock. Provenance Wealth Advisors LLC grew its stake in SEA by 1,511.1% during the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 272 shares during the period. Grove Bank & Trust increased its stake in SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after purchasing an additional 215 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of SEA by 26.5% during 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. Allworth Financial LP lifted its position in shares of SEA by 28.5% in the third quarter. Allworth Financial LP now owns 1,168 shares of the Internet company based in Singapore’s stock valued at $112,000 after acquiring an additional 259 shares in the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.
SEA Trading Down 0.3%
NYSE SE opened at $75.43 on Friday. The stock has a market capitalization of $46.09 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58. SEA has a 52 week low of $71.53 and a 52 week high of $159.09. The firm has a 50 day moving average of $94.84 and a two-hundred day moving average of $97.82. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.
SEA (NYSE:SE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. SEA’s revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, research analysts expect that SEA will post 2.88 EPS for the current fiscal year.
SEA Company Profile
Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.
Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.
Sea also provides digital financial services through Monee, formerly known as SeaMoney.
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