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

Sea Limited (NYSE:SE)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $120.05, but opened at $109.00. SEA shares last traded at $110.47, with a volume of 2,409,919 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Finally, Loop Capital boosted their target price on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, SEA has an average rating of “Moderate Buy” and an average target price of $121.40.

SEA Stock Performance

The stock has a market cap of $60.77 billion, a PE ratio of 707.88 and a beta of 1.73. The firm’s 50-day moving average is $128.04 and its 200 day moving average is $113.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Institutional Investors Weigh In On SEA

Hedge funds have recently made changes to their positions in the business. Private Trust Co. NA grew its position in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the fourth quarter worth about $34,000. Farther Finance Advisors LLC increased its stake in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in SEA during the fourth quarter worth about $39,000. Finally, Huntington National Bank lifted its position in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

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.