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

Shares of Sea Limited Sponsored ADR (NYSE:SEGet Free Report) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $161.6583.

SE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on SEA from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Sanford C. Bernstein decreased their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Finally, Bank of America reiterated a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th.

Check Out Our Latest Report on SEA

Insider Buying and Selling at SEA

In related news, insider Jingye Chen sold 800 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $89.85, for a total value of $71,880.00. Following the completion of the sale, the insider owned 212,000 shares of the company’s stock, valued at approximately $19,048,200. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gang Ye sold 10,000 shares of SEA stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $88.39, for a total value of $883,900.00. Following the transaction, the chief operating officer owned 360,000 shares in the company, valued at approximately $31,820,400. The trade was a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,545,652 shares of company stock worth $135,915,881. Insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC raised its holdings 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 worth $36,000 after acquiring an additional 106 shares during the period. Zions Bancorporation National Association UT grew its holdings in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 259 shares during the period. Holos Integrated Wealth LLC acquired a new stake in SEA during the fourth quarter worth about $44,000. Cornerstone Planning Group LLC increased its position in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in SEA by 41.9% during the third quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after purchasing an additional 165 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA News Summary

Here are the key news stories impacting SEA this week:

SEA Stock Down 2.0%

SE opened at $86.87 on Friday. The company has a market cap of $53.08 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. SEA has a twelve month low of $77.05 and a twelve month high of $199.30. The company has a 50-day moving average price of $87.09 and a 200 day moving average price of $115.75. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SEGet Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The firm had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the firm posted $0.39 earnings per share. SEA’s quarterly revenue was up 38.4% on a year-over-year basis. Sell-side analysts expect that SEA will post 3.39 earnings per share for the current fiscal year.

About SEA

(Get Free Report)

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.

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Analyst Recommendations for SEA (NYSE:SE)

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