SEA (NYSE:SE) Announces Stock Buyback Program

SEA (NYSE:SE) declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 17th, RTT News reports. The company plans to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the Internet company based in Singapore to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

SE has been the subject of several recent research reports. Benchmark increased their price target on SEA from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. raised their target price on shares of SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Wedbush lifted their target price on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Zacks Research cut shares of SEA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Arete Research lowered SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $187.39.

SEA Price Performance

Shares of NYSE SE traded up $5.05 during midday trading on Monday, hitting $145.90. The company had a trading volume of 5,142,027 shares, compared to its average volume of 5,169,541. The firm has a market capitalization of $85.95 billion, a price-to-earnings ratio of 63.99 and a beta of 1.55. SEA has a twelve month low of $99.50 and a twelve month high of $199.30. The business has a 50-day simple moving average of $171.99 and a two-hundred day simple moving average of $165.44. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.03.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. The company’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Equities research analysts anticipate that SEA will post 0.74 earnings per share for the current year.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.