SEA (NYSE:SE) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of SEA (NYSE:SE) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

SE has been the subject of a number of other reports. Weiss Ratings restated 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 stock an “overweight” rating in a research note on Friday, March 13th. Sanford C. Bernstein lowered their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Barclays upped their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, TD Cowen upped their price objective on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average price target of $155.54.

SEA Price Performance

Shares of SE opened at $93.20 on Monday. The company has a market cap of $56.95 billion, a P/E ratio of 36.69, a PEG ratio of 0.99 and a beta of 1.57. The stock has a fifty day moving average price of $86.13 and a 200 day moving average price of $107.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. SEA has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE) last issued its quarterly earnings data 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). The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, research analysts forecast that SEA will post 3.33 earnings per share for the current year.

Insider Transactions at SEA

In other SEA news, Director David Y. Ma sold 176,719 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $87.56, for a total transaction of $15,473,515.64. Following the completion of the transaction, the director owned 895,364 shares in the company, valued at approximately $78,398,071.84. The trade was a 16.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 1,660,052 shares of company stock worth $146,135,385. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its position in SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares during the period. Zions Bancorporation National Association UT boosted its position in SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 259 shares during the period. Holos Integrated Wealth LLC acquired a new position in SEA during the 4th quarter worth $44,000. Cornerstone Planning Group LLC boosted 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 acquiring an additional 174 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in SEA by 44.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock worth $116,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.