SEA (NYSE:SE) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of SEA (NYSE:SE) from a buy rating to a hold rating in a research report report published on Sunday morning,Wall Street Zen reports.

Other research analysts have also issued research reports about the company. TD Cowen reiterated a “hold” rating and set a $115.00 price target (up from $100.00) on shares of SEA in a report on Monday, August 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. New Street Research lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Monday, October 26th. JPMorgan Chase & Co. reduced their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Finally, Benchmark boosted their target price on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.73.

SEA Price Performance

SE stock opened at $76.57 on Friday. SEA has a 1 year low of $71.53 and a 1 year high of $159.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market capitalization of $46.79 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58. The business has a 50 day simple moving average of $97.44 and a 200-day simple moving average of $98.50.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Equities research analysts anticipate that SEA will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Tianyu Hou sold 10,000 shares of the stock in a transaction on Monday, October 19th. The stock was sold at an average price of $89.03, for a total transaction of $890,300.00. Following the completion of the transaction, the chief financial officer directly owned 35,000 shares in the company, valued at approximately $3,116,050. This represents a 22.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $74.58, for a total value of $59,664.00. Following the sale, the insider directly owned 69,580 shares of the company’s stock, valued at $5,189,276.40. The trade was a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,995,486 shares of company stock worth $243,759,780 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SE. Provenance Wealth Advisors LLC boosted its holdings in SEA by 1,511.1% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 272 shares during the period. Grove Bank & Trust grew its position in SEA by 53.9% in the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after acquiring an additional 215 shares in the last quarter. Cornerstone Planning Group LLC increased its stake 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 period. Independence Bank of Kentucky increased its stake in SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after purchasing an additional 1,100 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in SEA during the third quarter worth about $206,000. 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.