SEA (NYSE:SE) to Repurchase $0.00 in Stock

SEA (NYSE:SE) announced that its Board of Directors has authorized a stock buyback program on Monday, November 17th, RTT News reports. The company plans to buyback $0.00 in outstanding shares. This buyback authorization authorizes the Internet company based in Singapore to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

SEA Trading Up 3.6%

NYSE SE opened at $145.90 on Tuesday. The stock has a market cap of $85.95 billion, a P/E ratio of 63.99 and a beta of 1.55. The company’s fifty day simple moving average is $171.99 and its 200-day simple moving average is $165.44. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. SEA has a 52 week low of $99.50 and a 52 week high of $199.30.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.52). SEA had a return on equity of 15.19% and a net margin of 6.80%.The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period last year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 38.3% on a year-over-year basis. Equities research analysts predict that SEA will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. 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. Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Barclays lifted their price target 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. Arete Research downgraded shares of SEA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, TD Cowen reduced their price objective on shares of SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.39.

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.