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

Shares of Sea Limited Sponsored ADR (NYSE:SEGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $166.8250.

A number of equities research analysts recently commented on SE shares. Morgan Stanley set a $121.00 target price on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Barclays cut their price target on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Wedbush decreased their price objective on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Finally, Sanford C. Bernstein dropped their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th.

View Our Latest Research Report on SEA

SEA News Roundup

Here are the key news stories impacting SEA this week:

SEA Price Performance

SE opened at $78.17 on Friday. The firm has a market capitalization of $46.05 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. The business’s 50-day moving average is $105.64 and its two-hundred day moving average is $136.98. SEA has a 1 year low of $77.05 and a 1 year high of $199.30.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. Research analysts anticipate that SEA will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jingye Chen sold 800 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $80.11, for a total transaction of $64,088.00. Following the sale, the insider owned 237,600 shares in the company, valued at approximately $19,034,136. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Y. Ma sold 72,435 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $85.38, for a total transaction of $6,184,500.30. Following the transaction, the director owned 1,453,392 shares in the company, valued at approximately $124,090,608.96. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,435 shares of company stock worth $8,969,444 over the last ninety days. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Salomon & Ludwin LLC lifted its stake in shares of SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after buying an additional 143 shares during the period. Sound Income Strategies LLC acquired a new position in shares of SEA in the 3rd quarter valued at $29,000. Rothschild Investment LLC raised its stake in SEA by 114.0% in 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 last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in SEA during the 2nd quarter worth about $50,000. Finally, Zions Bancorporation National Association UT lifted 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. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

(Get Free Report)

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.

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Analyst Recommendations for SEA (NYSE:SE)

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