SEA (NYSE:SE) Stock Passes Above Fifty Day Moving Average – What’s Next?

Sea Limited Sponsored ADR (NYSE:SE)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $94.49 and traded as high as $108.19. SEA shares last traded at $106.4380, with a volume of 2,388,540 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on SE. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday. TD Cowen increased their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

SEA Price Performance

The firm has a market capitalization of $65.04 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 1.02 and a beta of 1.55. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average price is $94.49 and its two-hundred day moving average price is $98.80.

SEA (NYSE:SE) last issued its earnings results 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). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. Analysts anticipate that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Insider Activity

In related news, insider Yanjun Wang sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $112.35, for a total transaction of $168,525.00. Following the transaction, the insider owned 37,000 shares of the company’s stock, valued at approximately $4,156,950. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gang Ye sold 20,000 shares of SEA stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00. Following the completion of the sale, the chief operating officer owned 400,000 shares of the company’s stock, valued at $45,048,000. This trade represents a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 420,800 shares of company stock worth $39,179,452 in the last three months. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capstone Capital Management Ltd acquired a new stake in shares of SEA in the 1st quarter valued at $1,612,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in SEA during the fourth quarter valued at about $3,560,000. Equitable Trust Co. raised its holdings in SEA by 30.9% during the first quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock valued at $15,532,000 after buying an additional 44,252 shares in the last quarter. Finally, Charles Lim Capital Ltd lifted its position in shares of SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after buying an additional 475,000 shares during the last quarter. Institutional investors 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.