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

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

Other equities analysts also recently issued reports about the company. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. Arete Research set a $152.00 price objective on SEA and gave the company a “buy” rating in a research note on Monday, September 7th. Barclays increased their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Stock Up 0.2%

Shares of SE opened at $96.08 on Monday. SEA has a 52-week low of $77.05 and a 52-week high of $184.96. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $108.76 and a two-hundred day simple moving average of $98.27. The company has a market capitalization of $58.71 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 48.3% compared to the same quarter last year. As a group, equities analysts forecast that SEA will post 2.91 EPS for the current year.

Insider Buying and Selling

In other SEA news, CEO Xiaodong Li sold 1,057,650 shares of SEA stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total value of $137,282,970.00. Following the transaction, the chief executive officer directly owned 288,450 shares in the company, valued at approximately $37,440,810. This trade represents a 78.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jingye Chen sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total value of $3,266,100.00. Following the sale, the insider owned 270,000 shares of the company’s stock, valued at $29,394,900. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,147,786 shares of company stock worth $260,357,020. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of SE. Carrhae Capital LLP acquired a new position in shares of SEA in the 2nd quarter valued at about $140,501,000. Public Employees Retirement System of Ohio acquired a new stake in SEA during the second quarter worth about $37,527,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in SEA during the second quarter worth about $12,410,000. Nykredit A S acquired a new stake in SEA during the second quarter worth about $9,542,000. Finally, SG Americas Securities LLC raised its stake in SEA by 5.7% during the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after acquiring an additional 88,431 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.