SEA (NYSE:SE) Upgraded by Arete Research to “Strong-Buy” Rating

Arete Research upgraded shares of SEA (NYSE:SE) from a neutral rating to a strong-buy rating in a report released on Monday, Marketbeat Ratings reports. They currently have $152.00 price target on the Internet company based in Singapore’s stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen reaffirmed a “hold” rating on shares of SEA in a report on Monday, August 17th. Benchmark boosted their price target on shares of 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 reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Finally, Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.40.

SEA Stock Performance

NYSE SE opened at $113.48 on Monday. 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’s 50 day simple moving average is $111.85 and its 200-day simple moving average is $97.11. The company has a market cap of $69.34 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. SEA has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last posted its quarterly earnings data 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). The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, equities research analysts anticipate that SEA will post 2.91 EPS for the current fiscal year.

Insider Buying and Selling at SEA

In related news, COO Gang Ye sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the completion of the sale, the chief operating officer directly owned 430,000 shares in the company, valued at approximately $55,620,500. This trade represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Xiaodong Li sold 1,057,650 shares of SEA stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the transaction, the chief executive officer directly owned 288,450 shares in the company, valued at $37,440,810. This trade represents a 78.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,009,366 shares of company stock worth $245,180,736. Insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in SEA by 9,247.9% during the second quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after acquiring an additional 39,253,472 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of SEA by 5.7% during the 1st 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 purchasing an additional 88,431 shares during the period. Carrhae Capital LLP purchased a new position in shares of SEA during the 2nd quarter worth $140,501,000. Baird Financial Group Inc. grew its holdings in shares of SEA by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after purchasing an additional 50,965 shares during the period. Finally, Charles Lim Capital Ltd increased its position in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.