SEA (NYSE:SE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SEA (NYSE:SE) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other analysts have also recently commented on the company. Benchmark lifted their price objective on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Barclays raised their price target on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.18.

SEA Price Performance

Shares of NYSE:SE opened at $73.95 on Friday. The business’s fifty day moving average price is $102.50 and its two-hundred day moving average price is $100.20. The stock has a market cap of $45.19 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. SEA has a one year low of $71.53 and a one year high of $164.03.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. The company 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 business posted $0.65 EPS. The business’s quarterly revenue was up 48.3% on a year-over-year basis. On average, analysts forecast that SEA will post 2.91 EPS for the current fiscal year.

Insider Buying and Selling at SEA

In related news, CFO Tianyu Hou sold 10,000 shares of the company’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $89.03, for a total value of $890,300.00. Following the completion of the transaction, the chief financial officer directly owned 35,000 shares in the company, valued at approximately $3,116,050. This represents a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yanjun Wang sold 800 shares of the stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $76.33, for a total value of $61,064.00. Following the transaction, the insider owned 74,380 shares in the company, valued at $5,677,425.40. This trade represents a 1.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,078,786 shares of company stock worth $252,974,286 in the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its holdings in shares of SEA by 4.0% during the 3rd quarter. Park Avenue Securities LLC now owns 17,529 shares of the Internet company based in Singapore’s stock worth $1,707,000 after acquiring an additional 672 shares during the period. Davidson Kahn Capital Management LLC boosted its position in shares of SEA by 21.1% in the third quarter. Davidson Kahn Capital Management LLC now owns 3,713 shares of the Internet company based in Singapore’s stock worth $361,000 after acquiring an additional 646 shares during the last quarter. Signaturefd LLC boosted its position in shares of SEA by 10.3% in the third quarter. Signaturefd LLC now owns 10,279 shares of the Internet company based in Singapore’s stock worth $1,001,000 after acquiring an additional 956 shares during the last quarter. Gibbs Wealth Management grew its holdings in SEA by 5.4% in the third quarter. Gibbs Wealth Management now owns 3,817 shares of the Internet company based in Singapore’s stock valued at $372,000 after purchasing an additional 194 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in SEA by 555.1% in the third quarter. Sterling Capital Management LLC now owns 12,297 shares of the Internet company based in Singapore’s stock valued at $1,197,000 after purchasing an additional 10,420 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.