SEA (NYSE:SE) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded SEA from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with an average target price of $140.91.
• SEA shares fell 3.0% to open at $74.28, near the company’s 52-week low of $71.53 and well below its 50-day and 200-day moving averages of roughly $99.
• The company’s latest quarter showed mixed results: revenue rose 48.3% year over year to $7.79 billion, exceeding estimates, but EPS of $0.70 missed consensus by $0.16. Insiders sold more than $248.5 million of stock over the past three months.

SEA (NYSE:SE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

SE has been the subject of several other research reports. Weiss Ratings upgraded shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Arete Research upgraded shares of SEA from a "neutral" rating to a "buy" rating and set a $152.00 target price on the stock in a report on Monday, September 7th. JPMorgan Chase & Co. dropped their target price on shares of SEA from $173.00 to $149.00 and set an "overweight" rating on the stock in a report on Wednesday. Benchmark lifted 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. Finally, Barclays lifted their price target 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 investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.91.

SEA Trading Down 3.0%

Shares of SEA stock opened at $74.28 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $45.39 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54. The business has a fifty day simple moving average of $99.06 and a 200-day simple moving average of $99.02. SEA has a fifty-two week low of $71.53 and a fifty-two week high of $159.80.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. SEA's revenue was up 48.3% on a year-over-year basis. On average, equities analysts forecast that SEA will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at SEA

In other SEA news, insider Yanjun Wang sold 800 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $74.69, for a total transaction of $59,752.00. Following the transaction, the insider directly owned 71,180 shares in the company, valued at approximately $5,316,434.20. This represents a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tianyu Hou sold 10,000 shares of the business's stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $89.03, for a total value of $890,300.00. Following the transaction, the chief financial officer directly owned 35,000 shares in the company, valued at $3,116,050. This trade represents a 22.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,037,686 shares of company stock valued at $248,500,136 over the last three months. Insiders own 0.22% of the company's stock.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently bought and sold shares of SE. Raiffeisen Bank International AG grew its position in shares of SEA by 1.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore's stock worth $595,000 after purchasing an additional 115 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of SEA by 0.9% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore's stock valued at $1,659,000 after purchasing an additional 146 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of SEA by 3.2% during the third quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore's stock worth $502,000 after buying an additional 158 shares in the last quarter. GAMMA Investing LLC raised its position in SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore's stock valued at $262,000 after purchasing an additional 170 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after buying an additional 174 shares during the period. Institutional investors own 59.53% of the company's stock.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea's e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company's digital financial services division.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.