SEA (NYSE:SE) Shares Down 3.6% – Time to Sell?

Shares of Sea Limited Sponsored ADR (NYSE:SE) traded down 3.6% on Thursday . The company traded as low as $135.52 and last traded at $138.38. 1,377,096 shares were traded during trading, a decline of 70% from the average session volume of 4,524,343 shares. The stock had previously closed at $143.53.

Analyst Upgrades and Downgrades

SE has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Monday. Wedbush lifted their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Macquarie restated an “outperform” rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Zacks Research downgraded SEA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $206.00 to $215.00 in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $193.64.

SEA Stock Up 0.5%

The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $167.49 and a 200-day moving average of $165.01. The stock has a market cap of $77.53 billion, a PE ratio of 57.72 and a beta of 1.55.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. The business’s revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA announced that its Board of Directors has approved a share repurchase plan on Monday, November 17th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the Internet company based in Singapore to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Institutional Trading of SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MAI Capital Management increased its holdings in shares of SEA by 7.3% in the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $156,000 after purchasing an additional 82 shares during the period. Pacer Advisors Inc. increased its stake in SEA by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore’s stock valued at $402,000 after buying an additional 87 shares during the period. Belpointe Asset Management LLC raised its position in SEA by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock worth $1,033,000 after buying an additional 103 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of SEA by 2.3% in the second quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore’s stock valued at $823,000 after acquiring an additional 114 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.