Sea Limited Sponsored ADR (SE) – What Are Brokerages Saying About This Stock?

Shares of Sea Limited Sponsored ADR (NYSE:SE) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $149.40.

Several equities research analysts have weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. Morgan Stanley reissued an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Benchmark raised their target price on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Barclays boosted their target price on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th.

Insider Transactions at SEA

In other news, insider Jingye Chen sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total transaction of $3,266,100.00. Following the completion of the sale, the insider owned 270,000 shares in the company, valued at $29,394,900. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Gang Ye sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total value of $3,880,500.00. Following the sale, the chief operating officer owned 430,000 shares of the company’s stock, valued at approximately $55,620,500. This represents a 6.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,145,786 shares of company stock worth $260,165,780 in the last three months. Insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

Hedge funds have recently bought and sold shares of the business. Grove Bank & Trust grew its holdings in shares of SEA by 53.9% during the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after buying an additional 215 shares during the last quarter. Park National Corp OH boosted its stake in SEA by 41.4% during the 3rd quarter. Park National Corp OH now owns 3,062 shares of the Internet company based in Singapore’s stock valued at $298,000 after purchasing an additional 897 shares during the last quarter. QRG Capital Management Inc. increased its holdings in SEA by 15.7% during the 2nd quarter. QRG Capital Management Inc. now owns 24,423 shares of the Internet company based in Singapore’s stock worth $2,340,000 after purchasing an additional 3,313 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in SEA by 14.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,579 shares of the Internet company based in Singapore’s stock worth $918,000 after purchasing an additional 1,182 shares in the last quarter. Finally, MCF Advisors LLC raised its stake in shares of SEA by 129.6% in the second quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock worth $495,000 after purchasing an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

NYSE:SE opened at $95.75 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. SEA has a twelve month low of $77.05 and a twelve month high of $184.96. The company has a fifty day moving average of $109.07 and a 200-day moving average of $98.18. The firm has a market capitalization of $58.51 billion, a P/E ratio of 36.97, a P/E/G ratio of 0.97 and a beta of 1.54.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The firm’s revenue was up 48.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that SEA will post 2.91 EPS for the current year.

About SEA

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.