SEA (NYSE:SE) Shares Down 5.1% – What’s Next?

Sea Limited Sponsored ADR (NYSE:SE)’s stock price fell 5.1% on Tuesday . The company traded as low as $105.03 and last traded at $105.5190. 959,342 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 5,419,181 shares. The stock had previously closed at $111.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $173.00 price objective on shares of SEA in a research note on Wednesday, February 11th. TD Cowen reduced their price target on shares of SEA from $165.00 to $144.00 and set a “hold” rating for the company in a research report on Monday, November 10th. Barclays raised their price objective on shares of SEA from $214.00 to $226.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Finally, Phillip Securities upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.84.

SEA Trading Up 6.2%

The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $120.94 and a 200-day moving average of $149.29. The stock has a market cap of $65.36 billion, a price-to-earnings ratio of 48.66 and a beta of 1.59.

SEA announced that its Board of Directors has approved a stock buyback plan on Monday, November 17th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the Internet company based in Singapore to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SE. Salomon & Ludwin LLC raised its holdings in SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after buying an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of SEA in the third quarter worth $29,000. Rothschild Investment LLC boosted its holdings in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the period. Zions Bancorporation National Association UT grew its stake in SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 259 shares during the last quarter. Finally, Holos Integrated Wealth LLC bought a new stake in SEA during the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.