Sea Limited Sponsored ADR (NYSE:SE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sea Limited Sponsored ADR (NYSE:SE) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $155.5364.

A number of research firms recently issued reports on SE. 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 objective on SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Bank of America reiterated a “buy” rating and set a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. JPMorgan Chase & Co. decreased their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th.

SEA Stock Down 2.1%

Shares of NYSE SE opened at $93.20 on Wednesday. SEA has a one year low of $77.05 and a one year high of $199.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The business’s fifty day moving average price is $86.13 and its 200-day moving average price is $107.75. The stock has a market capitalization of $56.95 billion, a PE ratio of 36.69, a P/E/G ratio of 0.99 and a beta of 1.57.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 46.6% on a year-over-year basis. On average, equities research analysts anticipate that SEA will post 3.33 EPS for the current year.

Insider Activity at SEA

In related news, insider Yanjun Wang sold 800 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.11, for a total transaction of $76,888.00. Following the sale, the insider directly owned 6,800 shares in the company, valued at approximately $653,548. The trade was a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Gang Ye sold 10,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $96.16, for a total value of $961,600.00. Following the sale, the chief operating officer owned 190,000 shares in the company, valued at approximately $18,270,400. The trade was a 5.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,660,052 shares of company stock worth $146,135,385. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in SEA by 43.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after acquiring an additional 751 shares during the last quarter. Entropy Technologies LP bought a new position in SEA in the 1st quarter worth about $678,000. Andra AP fonden increased its stake in SEA by 69.8% in the 1st quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore’s stock worth $4,977,000 after acquiring an additional 24,700 shares during the last quarter. Parallel Advisors LLC increased its stake in SEA by 8.5% in the 1st quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock worth $501,000 after acquiring an additional 474 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in 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 acquiring an additional 174 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

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.