SEA (NYSE:SE) Stock Gets Price Target Reduction from Barclays

SEA (NYSE:SE) had its target price reduced by analysts at Barclays from $156.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price target points to a potential upside of 100.04% from the stock’s previous close.

SE has been the subject of several other research reports. Morgan Stanley reissued an “overweight” rating and set a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. JPMorgan Chase & Co. cut their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a report on Monday, September 7th. Finally, Royal Bank Of Canada raised shares of SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $134.67.

SEA Price Performance

SE traded up $0.99 during midday trading on Thursday, reaching $74.98. 4,173,452 shares of the company’s stock were exchanged, compared to its average volume of 5,190,607. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market capitalization of $45.82 billion, a PE ratio of 27.04, a P/E/G ratio of 0.79 and a beta of 1.58. The business’s 50-day moving average price is $92.51 and its 200 day moving average price is $97.12. SEA has a 1-year low of $71.33 and a 1-year high of $148.26.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a net margin of 5.89% and a return on equity of 13.85%. The business had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 43.7% compared to the same quarter last year. As a group, equities analysts anticipate that SEA will post 2.88 EPS for the current fiscal year.

Insider Transactions at SEA

In other news, insider Jingye Chen sold 30,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the sale, the insider owned 270,000 shares of the company’s stock, valued at $29,394,900. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Feng Zhao sold 40,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the sale, the insider directly owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This trade represents a 29.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 808,306 shares of company stock valued at $89,099,509. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently modified their holdings of SE. Carrhae Capital LLP purchased a new stake in shares of SEA during the 2nd quarter valued at about $140,501,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in SEA by 4.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock valued at $120,826,000 after purchasing an additional 52,660 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after acquiring an additional 50,965 shares in the last quarter. USS Investment Management Ltd boosted its holdings in SEA by 5.9% in the third quarter. USS Investment Management Ltd now owns 660,654 shares of the Internet company based in Singapore’s stock valued at $64,328,000 after purchasing an additional 36,955 shares during the last quarter. Finally, Carmignac Gestion grew its stake in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after purchasing an additional 14,242 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.