SEA (NYSE:SE) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of SEA (NYSE:SE) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks reports.

Several other research firms have also weighed in on SE. Benchmark upped their target price on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Barclays boosted their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $149.40.

SEA Stock Performance

SE opened at $96.08 on Monday. The stock has a market cap of $58.71 billion, a P/E ratio of 37.10, a P/E/G ratio of 0.98 and a beta of 1.54. 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 $108.76 and its 200 day simple moving average is $98.27. SEA has a 1-year low of $77.05 and a 1-year high of $184.96.

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

Insider Activity

In other news, insider Jingye Chen sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the transaction, the insider owned 270,000 shares of the company’s stock, valued at $29,394,900. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Feng Zhao sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the transaction, the insider directly owned 93,580 shares in the company, valued at $8,891,971.60. The trade was a 29.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,147,786 shares of company stock valued at $260,357,020 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position 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 buying an additional 88,431 shares during the period. Carrhae Capital LLP purchased a new stake in SEA in the 2nd quarter valued at about $140,501,000. Baird Financial Group Inc. grew its holdings in SEA by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after buying an additional 50,965 shares during the period. Carmignac Gestion grew its holdings in SEA by 2.2% in the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after buying an additional 14,242 shares during the period. Finally, National Pension Service increased its stake in shares of SEA by 10.0% during the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after acquiring an additional 54,819 shares during the last quarter. 59.53% of the stock is 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.