SEA (NYSE:SE) Stock Passes Above 50 Day Moving Average – What’s Next?

Sea Limited Sponsored ADR (NYSE:SE)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $94.49 and traded as high as $108.19. SEA shares last traded at $106.4380, with a volume of 2,388,540 shares.

Analyst Upgrades and Downgrades

SE has been the subject of several recent analyst reports. TD Cowen upped their price target on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Barclays lifted their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.54.

SEA Price Performance

The company has a market capitalization of $60.84 billion, a P/E ratio of 39.20, a PEG ratio of 1.02 and a beta of 1.55. The stock’s fifty day simple moving average is $94.72 and its 200-day simple moving average is $98.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling at SEA

In other news, COO Gang Ye sold 20,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $112.62, for a total value of $2,252,400.00. Following the completion of the sale, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at approximately $45,048,000. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tianyu Hou sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $100.09, for a total transaction of $500,450.00. Following the completion of the sale, the chief financial officer owned 15,000 shares in the company, valued at approximately $1,501,350. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 420,800 shares of company stock valued at $39,179,452 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB increased its holdings in shares of SEA by 18.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock worth $16,066,000 after purchasing an additional 26,498 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of SEA in the second quarter valued at about $215,000. GAMMA Investing LLC grew its position in SEA by 6.6% during the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after buying an additional 170 shares in the last quarter. Versant Capital Management Inc grew its position in SEA by 195.7% during the second quarter. Versant Capital Management Inc now owns 2,561 shares of the Internet company based in Singapore’s stock worth $245,000 after buying an additional 1,695 shares in the last quarter. Finally, Rathbones Group PLC increased its stake in SEA by 39.7% during the first quarter. Rathbones Group PLC now owns 30,750 shares of the Internet company based in Singapore’s stock valued at $2,546,000 after acquiring an additional 8,735 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.