SEA (NYSE:SE) Stock Price Target Lowered at StoneX

SEA (NYSE:SE) had its target price cut by StoneX from $175.00 to $155.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

Other research analysts also recently issued reports about the stock. New Street Research downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Monday, October 26th. Jefferies Financial Group cut their price objective on SEA from $164.00 to $142.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Benchmark upped their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.17.

SEA Trading Down 3.9%

Shares of SEA stock opened at $73.81 on Wednesday. The firm has a market capitalization of $45.10 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.58. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $92.51 and its 200 day moving average is $97.12. SEA has a 1 year low of $71.53 and a 1 year high of $150.79.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The company had revenue of $8.58 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. SEA’s revenue for the quarter was up 43.7% compared to the same quarter last year. Equities research analysts forecast that SEA will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Xiaodong Li sold 57,690 shares of SEA stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $122.28, for a total value of $7,054,333.20. Following the transaction, the chief executive officer directly owned 1,232,992 shares of the company’s stock, valued at $150,770,261.76. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Feng Zhao sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $95.02, for a total value of $3,800,800.00. Following the completion of the sale, the insider owned 93,580 shares in the company, valued at $8,891,971.60. The trade was a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 808,306 shares of company stock valued at $89,099,509 over the last three months. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SE. Bank Pictet & Cie Europe AG lifted its holdings in SEA by 21.5% in the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock valued at $11,406,000 after buying an additional 20,680 shares during the period. Whetstone Capital Advisors LLC acquired a new stake in SEA during the 2nd quarter worth about $8,191,000. Banque Pictet & Cie SA grew its holdings in SEA by 6.6% during the 3rd quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after acquiring an additional 17,657 shares during the period. Euro Pacific Asset Management LLC acquired a new stake in SEA during the 3rd quarter worth about $2,159,000. Finally, Assenagon Asset Management S.A. raised its position in shares of SEA by 80.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after acquiring an additional 251,517 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

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.