Sea Limited Sponsored ADR (NYSE:SE) Given Average Rating of “Moderate Buy” by Analysts

Shares of Sea Limited Sponsored ADR (NYSE:SE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $155.5364.

Several research analysts have weighed in on SE shares. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. JPMorgan Chase & Co. cut their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Sanford C. Bernstein cut their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, 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.

Insiders Place Their Bets

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 value of $15,473,515.64. Following the transaction, the director owned 895,364 shares of the company’s stock, valued at approximately $78,398,071.84. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,660,052 shares of company stock valued at $146,135,385 over the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Rothschild Investment LLC lifted its position in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in shares of 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 valued at $39,000 after buying an additional 259 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of SEA during the 4th quarter valued at $44,000. Hillsdale Investment Management Inc. lifted its position in shares of 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 valued at $116,000 after buying an additional 200 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after buying an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Down 2.1%

Shares of NYSE:SE opened at $93.20 on Wednesday. The stock has a market cap of $56.95 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 0.99 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. SEA has a 12-month low of $77.05 and a 12-month high of $199.30. The business’s 50 day moving average is $86.13 and its 200 day moving average is $107.75.

SEA (NYSE:SE) last announced its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm’s quarterly revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. On average, sell-side analysts forecast that SEA will post 3.33 earnings per share for the current fiscal year.

About SEA

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.