Sea Limited Sponsored ADR (NYSE:SE) Receives $155.54 Average Price Target from Analysts

Shares of Sea Limited Sponsored ADR (NYSE:SE) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $155.5364.

A number of research firms recently weighed in on SE. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. JPMorgan Chase & Co. dropped their price target on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. TD Cowen lifted their price target on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Finally, Barclays lifted their price target on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th.

SEA Stock Up 0.3%

SE opened at $86.80 on Wednesday. The firm has a 50-day simple moving average of $86.98 and a two-hundred day simple moving average of $106.28. SEA has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a market capitalization of $53.04 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Analysts forecast that SEA will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SEA news, Director David Y. Ma sold 176,719 shares of SEA stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $87.56, for a total transaction of $15,473,515.64. Following the completion of the transaction, the director directly owned 895,364 shares of the company’s stock, valued at $78,398,071.84. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 1,670,852 shares of company stock worth $147,112,509 over the last ninety days. 0.22% of the stock is owned by insiders.

Institutional Trading of SEA

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in SEA by 8.5% in the first quarter. Parallel Advisors LLC now owns 6,045 shares of the Internet company based in Singapore’s stock worth $501,000 after purchasing an additional 474 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in SEA by 43.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after purchasing an additional 751 shares during the last quarter. Entropy Technologies LP bought a new stake in SEA in the first quarter worth about $678,000. Andra AP fonden increased its stake in SEA by 69.8% in the first quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore’s stock worth $4,977,000 after purchasing an additional 24,700 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of 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 last quarter. Institutional investors own 59.53% of the company’s stock.

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.