SEA (NYSE:SE) Upgraded to “Hold” at Zacks Research

SEA (NYSE:SE) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Other analysts have also recently issued reports about the stock. Benchmark upped their price target on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. TD Cowen reiterated a “hold” rating on shares of SEA in a research note on Monday, August 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Finally, Arete Research set a $152.00 price target on shares of SEA and gave the company a “buy” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average price target of $149.40.

SEA Trading Up 0.2%

Shares of SE stock opened at $96.08 on Monday. The firm’s 50-day simple moving average is $108.76 and its 200-day simple moving average is $98.27. 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 has a 1-year low of $77.05 and a 1-year high of $184.96. The firm has a market cap of $58.71 billion, a P/E ratio of 37.10, a PEG ratio of 0.98 and a beta of 1.54.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 13.54% and a net margin of 5.98%. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. As a group, equities analysts forecast that SEA will post 2.91 EPS for the current year.

Insider Transactions at SEA

In other news, insider Feng Zhao sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $95.02, for a total value of $3,800,800.00. Following the completion of the transaction, the insider directly owned 93,580 shares in the company, valued at $8,891,971.60. This trade represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yanjun Wang sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $95.87, for a total value of $95,870.00. Following the sale, the insider directly owned 81,780 shares in the company, valued at approximately $7,840,248.60. The trade was a 1.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,147,786 shares of company stock worth $260,357,020. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Grove Bank & Trust raised its position in shares of SEA by 53.9% during the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after purchasing an additional 215 shares during the period. Cornerstone Planning Group LLC raised its stake in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares during the period. Independence Bank of Kentucky lifted its holdings in shares of SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after purchasing an additional 1,100 shares in the last quarter. Osbon Capital Management LLC purchased a new position in shares of SEA during the fourth quarter valued at $175,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in SEA in the 3rd 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 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.