Sea Limited Sponsored ADR (NYSE:SE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Sea Limited Sponsored ADR (NYSE:SE) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $155.5364.

Several equities analysts recently weighed in on SE shares. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. TD Cowen boosted their price objective on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Barclays upped their target price on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th.

Insider Buying and Selling

In other SEA news, Director David Y. Ma sold 176,719 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $87.56, for a total value of $15,473,515.64. Following the completion of the transaction, the director owned 895,364 shares in the company, valued at $78,398,071.84. This represents a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 1,655,617 shares of company stock worth $146,338,114. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SE. Fred Alger Management LLC increased its stake in SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares during the last quarter. SG Americas Securities LLC boosted its position in SEA by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after buying an additional 88,431 shares during the last quarter. Charles Lim Capital Ltd grew its stake in shares of 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 valued at $95,678,000 after acquiring an additional 475,000 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in shares of SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after acquiring an additional 175,746 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 0.6%

NYSE SE opened at $102.72 on Friday. The firm has a market capitalization of $62.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.11 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. SEA has a one year low of $77.05 and a one year high of $199.30. The company’s 50 day moving average price is $89.49 and its 200 day moving average price is $100.45.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. SEA’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, sell-side analysts predict that SEA will post 3.23 EPS for the current year.

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.