Analysts Set Sea Limited Sponsored ADR (NYSE:SE) Target Price at $155.54

Shares of Sea Limited Sponsored ADR (NYSE:SE) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $155.5364.

SE has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Barclays upped their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. reduced their target price on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. TD Cowen lifted their price target on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th.

Insider Buying and Selling

In other SEA news, insider Yanjun Wang sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $112.35, for a total transaction of $168,525.00. Following the completion of the transaction, the insider directly owned 37,000 shares of the company’s stock, valued at approximately $4,156,950. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $112.62, for a total transaction of $2,252,400.00. Following the transaction, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at approximately $45,048,000. This trade represents a 4.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 409,200 shares of company stock valued at $38,198,424 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SE. Charles Lim Capital Ltd lifted its holdings in shares of SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after buying an additional 475,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after acquiring an additional 350,840 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in SEA during the fourth quarter worth about $26,282,000. State of Tennessee Department of Treasury raised its position in SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after acquiring an additional 175,746 shares in the last quarter. Finally, SG Americas Securities LLC raised 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 valued at $135,999,000 after acquiring an additional 88,431 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

Shares of SE stock opened at $100.71 on Thursday. SEA has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. The firm has a market capitalization of $61.54 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 0.96 and a beta of 1.55. The stock’s 50-day simple moving average is $95.19 and its 200-day simple moving average is $98.43.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. As a group, equities analysts forecast that SEA will post 3.23 earnings per share for the current fiscal year.

About SEA

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.