SEA (NYSE:SE) Trading Down 8.1% Following Weak Earnings

Sea Limited Sponsored ADR (NYSE:SE) was down 8.1% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $142.25 and last traded at $142.45. Approximately 9,632,448 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 4,488,528 shares. The stock had previously closed at $155.05.

The Internet company based in Singapore reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a return on equity of 13.66% and a net margin of 6.23%.The business’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $206.00 to $215.00 in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SEA in a research note on Wednesday, November 5th. Wedbush increased their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Arete downgraded SEA from a “buy” rating to a “neutral” rating and set a $177.00 price objective for the company. in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.59.

Institutional Investors Weigh In On SEA

A number of large investors have recently modified their holdings of SE. MAI Capital Management increased its position 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 worth $156,000 after purchasing an additional 82 shares during the period. Pacer Advisors Inc. lifted its position in SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore’s stock worth $402,000 after purchasing an additional 87 shares during the period. Belpointe Asset Management LLC grew its stake in SEA by 1.8% during the third 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 in the last quarter. Rothschild Investment LLC increased its holdings in SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 106 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of SEA by 2.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore’s stock valued at $823,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Down 7.9%

The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $84.09 billion, a price-to-earnings ratio of 73.79 and a beta of 1.55. The firm’s 50-day moving average price is $176.37 and its 200 day moving average price is $165.10.

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.