SEA (NYSE:SE) Given New $100.00 Price Target at TD Cowen

SEA (NYSE:SE) had its price objective dropped by equities researchers at TD Cowen from $108.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the Internet company based in Singapore’s stock. TD Cowen’s price objective suggests a potential downside of 11.01% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Barclays lifted their price target on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. decreased their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $154.81.

SEA Price Performance

Shares of SE traded up $1.23 during mid-day trading on Tuesday, hitting $112.38. The company’s stock had a trading volume of 1,413,163 shares, compared to its average volume of 4,925,419. The firm has a 50-day moving average price of $97.56 and a 200 day moving average price of $96.97. The stock has a market capitalization of $68.67 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 1.03 and a beta of 1.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. SEA has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. On average, research analysts predict that SEA will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Yanjun Wang sold 1,200 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $105.39, for a total transaction of $126,468.00. Following the completion of the sale, the insider directly owned 20,200 shares in the company, valued at approximately $2,128,878. This trade represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gang Ye sold 20,000 shares of SEA stock in a transaction on Friday, July 31st. The shares were sold at an average price of $106.76, for a total value of $2,135,200.00. Following the sale, the chief operating officer directly owned 120,000 shares of the company’s stock, valued at approximately $12,811,200. The trade was a 14.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 489,100 shares of company stock valued at $47,515,790. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On SEA

Large investors have recently made changes to their positions in the company. Charles Lim Capital Ltd raised its holdings in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after purchasing an additional 475,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of SEA in the fourth quarter valued at approximately $26,282,000. State of Tennessee Department of Treasury lifted its stake in shares of SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after buying an additional 175,746 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in SEA by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after buying an additional 88,431 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.