SEA (NYSE:SE) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of SEA (NYSE:SE) from a buy rating to a hold rating in a research note released on Sunday morning,Wall Street Zen reports.

A number of other research analysts have also issued reports on the company. Barclays lifted their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Arete Research raised SEA from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Monday, September 7th. New Street Research cut SEA from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Monday, October 26th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Benchmark lifted their price objective on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.91.

SEA Stock Performance

SE opened at $74.28 on Friday. SEA has a fifty-two week low of $71.53 and a fifty-two week high of $159.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $45.39 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 0.77 and a beta of 1.54. The company has a fifty day moving average of $99.06 and a 200 day moving average of $99.02.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. As a group, sell-side analysts forecast that SEA will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at SEA

In other SEA news, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00. Following the completion of the sale, the insider directly owned 71,180 shares of the company’s stock, valued at approximately $5,316,434.20. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tianyu Hou sold 10,000 shares of the business’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $89.03, for a total transaction of $890,300.00. Following the transaction, the chief financial officer directly owned 35,000 shares of the company’s stock, valued at approximately $3,116,050. This represents a 22.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,016,186 shares of company stock valued at $246,142,421. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SE. Bank Pictet & Cie Europe AG raised its position in shares of SEA by 21.5% during the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock worth $11,406,000 after purchasing an additional 20,680 shares during the period. Capstone Capital Management Ltd bought a new stake in shares of SEA in the first quarter worth about $1,612,000. Whetstone Capital Advisors LLC bought a new position in shares of SEA during the second quarter valued at approximately $8,191,000. Banque Pictet & Cie SA lifted its holdings in SEA by 6.6% in the third quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock valued at $27,644,000 after acquiring an additional 17,657 shares during the period. Finally, Corient Private Wealth LP lifted its stake in SEA by 61.4% in the 2nd quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after purchasing an additional 10,099 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.