SEA (NYSE:SE) Stock Rating Upgraded by Zacks Research

SEA (NYSE:SE) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on SE. Morgan Stanley set a $121.00 target price on shares of SEA and gave the company an “overweight” rating in a report on Friday, March 13th. TD Cowen lifted their price objective on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Bank of America restated a “buy” rating and set a $125.00 price target on shares of SEA in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. cut their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.54.

SEA Stock Performance

Shares of NYSE:SE opened at $93.20 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The company has a market cap of $56.95 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 0.99 and a beta of 1.57. SEA has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a 50-day moving average price of $86.13 and a 200-day moving average price of $107.75.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. As a group, equities analysts anticipate that SEA will post 3.33 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jingye Chen sold 800 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $91.98, for a total transaction of $73,584.00. Following the sale, the insider directly owned 200,800 shares in the company, valued at $18,469,584. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $96.11, for a total value of $76,888.00. Following the completion of the transaction, the insider owned 6,800 shares of the company’s stock, valued at $653,548. The trade was a 10.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,660,052 shares of company stock worth $146,135,385. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On SEA

Institutional investors and hedge funds have recently bought and sold shares of the company. Woodline Partners LP purchased a new position in SEA during the 1st quarter valued at about $4,028,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after buying an additional 27,953 shares during the period. Captrust Financial Advisors raised its stake in SEA by 4.2% in the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after buying an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock worth $86,880,000 after buying an additional 27,964 shares during the period. Finally, Morse Asset Management Inc boosted its position in SEA by 21.1% during the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after acquiring an additional 2,121 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.