Sea Limited Sponsored ADR (SE) – What Are Investment Firms Saying About This Stock?

Shares of Sea Limited Sponsored ADR (NYSE:SE) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $149.40.

A number of brokerages recently weighed in on SE. Benchmark boosted their price objective on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Finally, Arete Research set a $152.00 price target on SEA and gave the company a “buy” rating in a research note on Monday, September 7th.

SEA Stock Performance

Shares of SEA stock opened at $95.37 on Tuesday. The company’s 50 day moving average price is $109.37 and its two-hundred day moving average price is $97.93. The firm has a market capitalization of $58.27 billion, a P/E ratio of 36.82, a P/E/G ratio of 0.97 and a beta of 1.54. SEA has a fifty-two week low of $77.05 and a fifty-two week high of $189.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. On average, equities analysts forecast that SEA will post 2.91 earnings per share for the current fiscal year.

Insider Transactions at SEA

In other SEA news, CEO Xiaodong Li sold 1,057,650 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 288,450 shares in the company, valued at approximately $37,440,810. This represents a 78.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gang Ye sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the transaction, the chief operating officer directly owned 430,000 shares of the company’s stock, valued at $55,620,500. The trade was a 6.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,167,286 shares of company stock worth $262,586,705. 0.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently modified their holdings of SE. Grove Bank & Trust increased its holdings 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 valued at $60,000 after purchasing an additional 215 shares during the period. Cornerstone Planning Group LLC raised its position in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares during the last quarter. Independence Bank of Kentucky raised its position in SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after purchasing an additional 1,100 shares during the last quarter. Osbon Capital Management LLC acquired a new position in SEA during the 4th quarter worth about $175,000. Finally, HB Wealth Management LLC acquired a new position in SEA during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.