Sea Limited Sponsored ADR (NYSE:SE) Stock Has Consensus Target Price of $140.91 According to Analysts

Shares of Sea Limited Sponsored ADR (NYSE:SE) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, ten have given 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 $140.91.

Several equities analysts recently commented on SE shares. Benchmark upped their price target on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. JPMorgan Chase & Co. dropped their target price on SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, New Street Research cut SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Monday.

Insiders Place Their Bets

In related news, COO Gang Ye sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the completion of the transaction, the chief operating officer owned 430,000 shares in the company, valued at $55,620,500. The trade was a 6.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Xiaodong Li sold 1,057,650 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total value of $137,282,970.00. Following the completion of the transaction, the chief executive officer directly owned 288,450 shares in the company, valued at $37,440,810. This trade represents a 78.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,037,686 shares of company stock worth $248,500,136 in the last 90 days. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raiffeisen Bank International AG lifted its position in SEA by 1.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after acquiring an additional 115 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of SEA by 0.9% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore’s stock valued at $1,659,000 after purchasing an additional 146 shares during the period. Profund Advisors LLC increased its holdings in shares of SEA by 3.2% in the third quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore’s stock valued at $502,000 after purchasing an additional 158 shares during the period. GAMMA Investing LLC increased its holdings in shares of SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after purchasing an additional 170 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Trading Down 3.0%

SE stock opened at $74.28 on Friday. 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 $71.53 and a twelve month high of $159.80. The stock has a market capitalization of $45.39 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.54. The firm’s fifty day simple moving average is $99.06 and its two-hundred day simple moving average is $99.02.

SEA (NYSE:SE) last released 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 firm had revenue of $7.79 billion during 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%. SEA’s revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. As a group, analysts anticipate that SEA will post 2.88 earnings per share for the current year.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.