SEA (NYSE:SE) Trading 5.2% Higher – Here’s Why

Shares of Sea Limited Sponsored ADR (NYSE:SE) were up 5.2% during trading on Friday . The stock traded as high as $114.04 and last traded at $114.7520. Approximately 855,821 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,955,512 shares. The stock had previously closed at $109.11.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent analyst reports. TD Cowen raised 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.54.

SEA Stock Up 4.6%

The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a market cap of $69.72 billion, a P/E ratio of 44.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.55. The stock’s fifty day moving average price is $91.17 and its 200 day moving average price is $99.87.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. As a group, research analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at SEA

In related news, COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $103.00, for a total value of $2,060,000.00. Following the sale, the chief operating officer directly owned 460,000 shares of the company’s stock, valued at $47,380,000. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tianyu Hou sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $100.09, for a total value of $500,450.00. Following the transaction, the chief financial officer owned 15,000 shares in the company, valued at approximately $1,501,350. This represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,388,714 shares of company stock worth $124,423,029. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Fred Alger Management LLC boosted its holdings in SEA by 22.1% in the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after acquiring an additional 521,782 shares in the last quarter. Capstone Capital Management Ltd bought a new position in SEA in the 1st quarter worth $1,612,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after purchasing an additional 350,840 shares during the period. Ramirez Asset Management Inc. purchased a new stake in shares of SEA in the 4th quarter worth about $3,560,000. Finally, Charles Lim Capital Ltd lifted its position in shares of SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares during the period. Institutional investors own 59.53% of the company’s stock.

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.