SEA (NYSE:SE) Shares Gap Down – What’s Next?

Sea Limited (NYSE:SE)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $120.05, but opened at $109.00. SEA shares last traded at $110.47, with a volume of 2,409,919 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark increased their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.40.

SEA Trading Down 10.5 %

The stock has a fifty day moving average of $128.27 and a 200 day moving average of $112.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market capitalization of $61.48 billion, a PE ratio of 715.65 and a beta of 1.73.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently made changes to their positions in SE. Perpetual Ltd grew its stake in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd boosted its position in SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after purchasing an additional 1,173,738 shares in the last quarter. M&T Bank Corp increased its holdings in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after buying an additional 71,214 shares in the last quarter. SeaTown Holdings Pte. Ltd. acquired a new position in SEA in the 4th quarter worth about $4,821,000. Finally, Geode Capital Management LLC grew its holdings in SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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.