SEA (NYSE:SE) Releases Earnings Results, Misses Estimates By $0.52 EPS

SEA (NYSE:SE) announced its quarterly earnings data on Tuesday. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.52), Zacks reports. SEA had a return on equity of 13.66% and a net margin of 6.23%.The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company’s revenue was up 38.3% on a year-over-year basis.

SEA Trading Down 8.3%

Shares of SE opened at $142.19 on Wednesday. SEA has a 12 month low of $99.50 and a 12 month high of $199.30. The stock’s 50-day moving average is $175.65 and its two-hundred day moving average is $165.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a market cap of $83.77 billion, a PE ratio of 73.67 and a beta of 1.55.

Wall Street Analysts Forecast Growth

SE has been the subject of several research analyst reports. Macquarie reaffirmed an “outperform” rating and set a $219.90 price target (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of SEA in a report on Wednesday, November 5th. Morgan Stanley set a $209.00 price target on SEA in a research report on Wednesday, October 22nd. Arete Research downgraded SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Wedbush lifted their price objective on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.59.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc boosted its holdings in SEA by 21.1% in the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock worth $1,946,000 after acquiring an additional 2,121 shares during the period. Woodline Partners LP acquired a new position in shares of SEA during the first quarter worth $4,028,000. Captrust Financial Advisors lifted its position in shares of SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after purchasing an additional 1,084 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of SEA by 248.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after purchasing an additional 27,953 shares during the period. Finally, State of Tennessee Department of Treasury grew its holdings in SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after purchasing an additional 27,964 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.