Sea Limited Sponsored ADR (NYSE:SE) Stock Has Average Target Price of $149.40

Shares of Sea Limited Sponsored ADR (NYSE:SE) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $149.40.

SE has been the topic of several analyst reports. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 price target on shares of SEA and gave the stock a “buy” rating in a report on Monday, September 7th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Benchmark raised their price objective 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. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of SEA in a report on Thursday, August 13th.

Insiders Place Their Bets

In related news, COO Gang Ye sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the transaction, the chief operating officer owned 430,000 shares of the company’s stock, valued at $55,620,500. This represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jingye Chen sold 30,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the transaction, the insider owned 270,000 shares of the company’s stock, valued at $29,394,900. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,166,286 shares of company stock valued at $262,491,795. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares during the period. Carrhae Capital LLP acquired a new stake in shares of SEA in the second quarter valued at about $140,501,000. Baird Financial Group Inc. lifted its stake in shares of SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after purchasing an additional 50,965 shares during the period. Charles Lim Capital Ltd boosted its holdings in SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after buying an additional 475,000 shares in the last quarter. Finally, Carmignac Gestion boosted its holdings in SEA by 2.2% during the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after buying an additional 14,242 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SEA stock opened at $92.83 on Tuesday. 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 business has a 50 day simple moving average of $109.60 and a 200-day simple moving average of $97.94. SEA has a 12 month low of $77.05 and a 12 month high of $191.39. The stock has a market capitalization of $56.72 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54.

SEA (NYSE:SE) last posted its quarterly earnings data 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). The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The business’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Equities analysts predict that SEA will post 2.91 earnings per share for the current year.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.