Sea Limited Sponsored ADR (NYSE:SE) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. TD Cowen lifted their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a report on Monday.

Insiders Place Their Bets

In other SEA news, COO Gang Ye sold 20,000 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $112.62, for a total value of $2,252,400.00. Following the sale, the chief operating officer directly owned 400,000 shares in the company, valued at $45,048,000. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tianyu Hou sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $100.09, for a total value of $500,450.00. Following the transaction, the chief financial officer directly owned 15,000 shares in the company, valued at $1,501,350. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 420,800 shares of company stock valued at $39,179,452 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SEA

Institutional investors have recently added to or reduced their stakes in the business. Capstone Capital Management Ltd bought a new stake in shares of SEA in the first quarter valued at approximately $1,612,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in SEA in the 4th quarter worth approximately $3,560,000. Equitable Trust Co. boosted its holdings in SEA by 30.9% in the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock worth $15,532,000 after buying an additional 44,252 shares during the period. Finally, Charles Lim Capital Ltd grew its stake in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after buying an additional 475,000 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 1.1%

Shares of NYSE:SE opened at $105.13 on Thursday. SEA has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a market capitalization of $64.24 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.55. The business has a fifty day moving average price of $94.72 and a two-hundred day moving average price of $98.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Analysts forecast that SEA will post 3.23 earnings per share for the current year.

About SEA

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.