Brokerages Set Sea Limited Sponsored ADR (NYSE:SE) PT at $155.54

Shares of Sea Limited Sponsored ADR (NYSE:SE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $155.5364.

SE has been the topic of a number of recent research reports. Morgan Stanley set a $121.00 target price on SEA and gave the stock an “overweight” rating in a report on Friday, March 13th. Sanford C. Bernstein lowered their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Bank of America reiterated a “buy” rating and issued a $125.00 price target on shares of SEA in a report on Monday, March 9th. Finally, TD Cowen boosted their price objective on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th.

SEA Trading Up 0.5%

NYSE SE opened at $84.90 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $87.21 and a 200-day moving average of $105.42. The firm has a market cap of $51.88 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. SEA has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 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 the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The company’s revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. As a group, sell-side analysts forecast that SEA will post 3.33 EPS for the current year.

Insider Buying and Selling at SEA

In other SEA news, COO Gang Ye sold 10,000 shares of SEA stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $84.33, for a total transaction of $843,300.00. Following the completion of the sale, the chief operating officer directly owned 140,000 shares in the company, valued at approximately $11,806,200. The trade was a 6.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.39, for a total transaction of $67,512.00. Following the completion of the sale, the insider directly owned 2,800 shares in the company, valued at $236,292. This trade represents a 22.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,692,452 shares of company stock valued at $148,965,181 over the last quarter. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SE. Rothschild Investment LLC boosted its stake in shares of SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT raised its position in SEA by 539.6% during 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 acquiring an additional 259 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in SEA in the fourth quarter valued at approximately $44,000. Cornerstone Planning Group LLC boosted its position in SEA by 26.5% in the 1st 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 in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in SEA by 44.4% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock worth $116,000 after purchasing an additional 200 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.