SEA (NYSE:SE) Reaches New 52-Week Low on Analyst Downgrade

Sea Limited Sponsored ADR (NYSE:SE) shares reached a new 52-week low during mid-day trading on Thursday after StoneX lowered their price target on the stock from $175.00 to $155.00. StoneX currently has a buy rating on the stock. SEA traded as low as $71.33 and last traded at $73.8660, with a volume of 1,116,927 shares traded. The stock had previously closed at $73.99.

A number of other research analysts have also recently commented on SE. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Barclays upped their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and set a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a report 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 research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $135.17.

Insider Activity at SEA

In other news, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $78.32, for a total transaction of $62,656.00. Following the completion of the transaction, the insider owned 64,780 shares of the company’s stock, valued at approximately $5,073,569.60. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Feng Zhao sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the transaction, the insider directly owned 63,580 shares of the company’s stock, valued at $5,100,387.60. The trade was a 32.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 808,306 shares of company stock worth $89,099,509. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of SEA

Several institutional investors have recently modified their holdings of SE. Advisors Asset Management Inc. acquired a new position in SEA during the 3rd quarter worth about $1,997,000. USS Investment Management Ltd grew its position in shares of SEA by 5.9% in the 3rd quarter. USS Investment Management Ltd now owns 660,654 shares of the Internet company based in Singapore’s stock valued at $64,328,000 after buying an additional 36,955 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of SEA in the 3rd quarter valued at about $243,000. Ieq Capital LLC increased its stake in shares of SEA by 1.6% in the third quarter. Ieq Capital LLC now owns 68,883 shares of the Internet company based in Singapore’s stock valued at $6,706,000 after buying an additional 1,094 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of SEA by 27.5% in the third quarter. Cibc World Market Inc. now owns 53,808 shares of the Internet company based in Singapore’s stock valued at $5,239,000 after buying an additional 11,598 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 0.9%

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 company has a market capitalization of $44.80 billion, a P/E ratio of 26.38, a P/E/G ratio of 0.79 and a beta of 1.58. The stock has a 50-day moving average price of $92.51 and a 200-day moving average price of $97.12.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The company had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. SEA’s revenue was up 43.7% compared to the same quarter last year. On average, research analysts predict that Sea Limited Sponsored ADR will post 2.88 EPS for the current fiscal year.

About SEA

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.