SEA (NYSE:SE) Stock Gets Price Target Reduction from StoneX

SEA (NYSE:SE) had its price target reduced by equities research analysts at StoneX from $175.00 to $155.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the Internet company based in Singapore’s stock. StoneX‘s target price would suggest a potential upside of 110.01% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Arete Research upgraded SEA from a “neutral” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Monday, September 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SEA in a report on Tuesday. Bank of America set a $110.00 price target on SEA and gave the company a “buy” rating in a report on Wednesday. TD Cowen dropped their price target on SEA from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Barclays boosted their price objective on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.17.

SEA Stock Down 3.9%

Shares of NYSE:SE opened at $73.81 on Wednesday. The firm has a fifty day moving average price of $92.51 and a two-hundred day moving average price of $97.12. The company has a market cap of $45.10 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 0.79 and a beta of 1.58. 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 one year low of $71.53 and a one year high of $150.79.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The firm had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 43.7% compared to the same quarter last year. Analysts anticipate that SEA will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at SEA

In other SEA news, insider Feng Zhao sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the completion of the sale, the insider directly owned 63,580 shares in the company, valued at $5,100,387.60. This represents a 32.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $78.32, for a total value of $62,656.00. Following the transaction, the insider directly owned 64,780 shares in the company, valued at $5,073,569.60. This trade represents a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 808,306 shares of company stock valued at $89,099,509 over the last three months. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SEA

Institutional investors have recently bought and sold shares of the stock. Raiffeisen Bank International AG grew its position in SEA by 1.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after acquiring an additional 115 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in SEA by 0.9% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore’s stock valued at $1,659,000 after purchasing an additional 146 shares during the last quarter. Profund Advisors LLC lifted its position in SEA by 3.2% in the third quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore’s stock valued at $502,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC lifted its position in SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after purchasing an additional 170 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of SEA by 26.5% during the first 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. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.