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

Sea Limited Sponsored ADR (NYSE:SE) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $155.5364.

SE has been the topic of several research analyst reports. Barclays boosted their price target on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Sanford C. Bernstein decreased their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Bank of America reiterated a “buy” rating and issued a $125.00 price target on shares of SEA in a research note on Monday, March 9th. JPMorgan Chase & Co. decreased their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th.

Insiders Place Their Bets

In other SEA news, CFO Tianyu Hou sold 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $90.77, for a total value of $907,700.00. Following the sale, the chief financial officer owned 20,000 shares in the company, valued at $1,815,400. The trade was a 33.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gang Ye sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $92.80, for a total transaction of $928,000.00. Following the completion of the sale, the chief operating officer owned 600,000 shares in the company, valued at approximately $55,680,000. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,645,217 shares of company stock worth $145,308,260 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of SEA

Large investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT increased its holdings in shares of SEA by 539.6% in 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 buying an additional 259 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of SEA in the 4th quarter worth about $44,000. Cornerstone Planning Group LLC increased its holdings in shares of 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 buying an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after buying an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new stake in shares of SEA in the 4th quarter worth about $175,000. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Up 2.6%

SE opened at $91.36 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. SEA has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm’s fifty day moving average is $88.44 and its 200 day moving average is $101.41. The stock has a market cap of $55.82 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share 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 quarter last year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, sell-side analysts forecast that SEA will post 3.33 earnings per share for the current fiscal year.

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.