SEA (NYSE:SE) Stock Gets Price Target Cut from JPMorgan Chase & Co.

SEA (NYSE:SE) had its target price trimmed by JPMorgan Chase & Co. from $173.00 to $149.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the Internet company based in Singapore’s stock.

A number of other equities research analysts have also commented on the stock. Arete Research raised shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Monday, September 7th. New Street Research lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Monday. Benchmark raised 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. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.91.

SEA Stock Down 3.0%

Shares of SE opened at $74.28 on Wednesday. The company has a market capitalization of $45.39 billion, a P/E ratio of 28.68, a PEG ratio of 0.79 and a beta of 1.54. SEA has a one year low of $71.53 and a one year high of $159.80. The business’s 50 day simple moving average is $99.06 and its 200-day simple moving average is $99.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. As a group, sell-side analysts predict that SEA will post 2.88 EPS for the current fiscal year.

Insider Activity

In related news, CFO Tianyu Hou sold 10,000 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $89.03, for a total value of $890,300.00. Following the transaction, the chief financial officer directly owned 35,000 shares in the company, valued at $3,116,050. This represents a 22.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00. Following the completion of the transaction, the insider directly owned 71,180 shares in the company, valued at approximately $5,316,434.20. The trade was a 1.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,037,686 shares of company stock valued at $248,500,136 over the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG lifted its holdings in SEA by 1.8% in the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after buying an additional 115 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in SEA by 0.9% during the 3rd 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 acquiring an additional 146 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of SEA by 3.2% during the 3rd quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore’s stock worth $502,000 after acquiring an additional 158 shares during the period. GAMMA Investing LLC grew its holdings in shares of SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after acquiring an additional 170 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of 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 acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.