SEA (NYSE:SE) Given New $163.00 Price Target at JPMorgan Chase & Co.

SEA (NYSE:SEGet Free Report) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $168.00 to $163.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the Internet company based in Singapore’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 80.62% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on SE. TD Cowen boosted their price objective on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday. Sanford C. Bernstein decreased their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Morgan Stanley set a $121.00 price objective on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $158.41.

Read Our Latest Report on SEA

SEA Trading Down 3.5%

SE stock traded down $3.28 during trading on Thursday, hitting $90.24. 3,236,634 shares of the company traded hands, compared to its average volume of 5,417,805. The firm has a market capitalization of $55.14 billion, a PE ratio of 35.55, a P/E/G ratio of 0.98 and a beta of 1.57. SEA has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a 50-day moving average of $85.74 and a 200-day moving average of $113.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58.

SEA (NYSE:SEGet Free Report) last issued its 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 company 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 14.79%. The company’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Analysts predict that SEA will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at SEA

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 transaction of $15,473,515.64. Following the transaction, the director owned 895,364 shares in the company, valued at approximately $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 accessible through the SEC website. In the last quarter, insiders sold 1,579,652 shares of company stock worth $138,921,297. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Andra AP fonden grew its holdings in shares of SEA by 69.8% during the 1st quarter. Andra AP fonden now owns 60,100 shares of the Internet company based in Singapore’s stock worth $4,977,000 after acquiring an additional 24,700 shares during the period. Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 474 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Equitable Trust Co. raised its holdings in SEA by 30.9% in the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock worth $15,532,000 after acquiring an additional 44,252 shares during the last quarter. Finally, Capstone Capital Management Ltd purchased a new position in SEA in the 1st quarter worth approximately $1,612,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Key Headlines Impacting SEA

Here are the key news stories impacting SEA this week:

SEA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for SEA (NYSE:SE)

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