Sea Limited Sponsored ADR (NYSE:SE) Given Consensus Recommendation 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 analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $155.5364.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Morgan Stanley set a $121.00 price target on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. TD Cowen boosted their price objective on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Barclays raised their target price on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th.

Insiders Place Their Bets

In other SEA news, insider Yanjun Wang sold 1,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $92.59, for a total value of $92,590.00. Following the transaction, the insider owned 48,200 shares in the company, valued at approximately $4,462,838. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gang Ye sold 10,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $92.63, for a total transaction of $926,300.00. Following the transaction, the chief operating officer directly owned 570,000 shares of the company’s stock, valued at approximately $52,799,100. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,655,617 shares of company stock valued at $146,338,114 in the last quarter. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SE. Versant Capital Management Inc lifted its holdings in SEA by 195.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,561 shares of the Internet company based in Singapore’s stock worth $245,000 after buying an additional 1,695 shares during the period. Rathbones Group PLC boosted its holdings in SEA by 39.7% in the first quarter. Rathbones Group PLC now owns 30,750 shares of the Internet company based in Singapore’s stock valued at $2,546,000 after acquiring an additional 8,735 shares in the last quarter. Parallel Advisors LLC increased its position in SEA by 8.5% during the 1st quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock valued at $501,000 after purchasing an additional 474 shares during the period. EverSource Wealth Advisors LLC increased its position in SEA by 43.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock valued at $206,000 after purchasing an additional 751 shares during the period. Finally, Entropy Technologies LP bought a new position in SEA in the 1st quarter worth $678,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE:SE opened at $102.72 on Friday. 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 has a market cap of $62.77 billion, a PE ratio of 40.44, a PEG ratio of 1.10 and a beta of 1.55. The company’s fifty day moving average is $89.16 and its 200 day moving average is $100.44. SEA has a 52 week low of $77.05 and a 52 week high of $199.30.

SEA (NYSE:SE) last posted its quarterly 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 business 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 business’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. Research analysts anticipate that SEA will post 3.23 earnings per share for the current year.

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.