SEA (NYSE:SE) Given New $150.00 Price Target at Barclays

Key Points

• Barclays lowered its SEA price target to $150 from $156 but maintained an “overweight” rating, implying about 100% upside from the prior close.
• SEA shares traded at $74.98, near their 12-month low of $71.33. The stock’s average analyst rating is “Moderate Buy,” with a consensus target of $134.67.
• In its latest quarter, SEA beat revenue expectations with $8.58 billion, up 43.7% year over year, but missed EPS estimates: $0.78 versus $0.99 expected.

SEA (NYSE:SE - Get Free Report) had its price target decreased by investment analysts at Barclays from $156.00 to $150.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the Internet company based in Singapore's stock. Barclays's price objective points to a potential upside of 100.04% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Arete Research raised SEA from a "neutral" rating to a "buy" rating and set a $152.00 target price on the stock in a research report on Monday, September 7th. JPMorgan Chase & Co. decreased their price target on SEA from $173.00 to $149.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. New Street Research lowered SEA from a "buy" rating to a "neutral" rating and set a $70.00 price target for the company. in a research report on Monday, October 26th. Finally, Bank of America set a $110.00 price objective on SEA and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus target price of $134.67.

SEA Price Performance

NYSE SE traded up $0.99 on Thursday, hitting $74.98. The company had a trading volume of 4,173,452 shares, compared to its average volume of 5,190,607. The company has a market capitalization of $45.82 billion, a PE ratio of 27.04, a PEG ratio of 0.79 and a beta of 1.58. The company's fifty day moving average price is $92.51 and its 200-day moving average price is $97.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. SEA has a 12-month low of $71.33 and a 12-month high of $148.26.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.21). The company had revenue of $8.58 billion for the quarter, compared to analysts' expectations of $8.08 billion. SEA had a net margin of 5.89% and a return on equity of 13.85%. The business's revenue for the quarter was up 43.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, analysts predict that SEA will post 2.88 earnings per share for the current year.

Insider Activity at SEA

In related news, insider Feng Zhao sold 30,000 shares of SEA stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the sale, the insider directly owned 63,580 shares in the company, valued at $5,100,387.60. This trade represents a 32.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yanjun Wang sold 800 shares of the company's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $78.32, for a total transaction of $62,656.00. Following the completion of the transaction, the insider owned 64,780 shares of the company's stock, valued at $5,073,569.60. This represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 808,306 shares of company stock valued at $89,099,509 in the last 90 days. Insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank Pictet & Cie Europe AG raised its position in SEA by 21.5% in the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore's stock worth $11,406,000 after acquiring an additional 20,680 shares in the last quarter. Whetstone Capital Advisors LLC purchased a new position in shares of SEA in the 2nd quarter valued at about $8,191,000. Banque Pictet & Cie SA lifted its stake in shares of SEA by 6.6% in the third quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore's stock valued at $27,644,000 after purchasing an additional 17,657 shares during the period. Euro Pacific Asset Management LLC acquired a new stake in shares of SEA in the third quarter valued at about $2,159,000. Finally, Assenagon Asset Management S.A. boosted its holdings in SEA by 80.6% during the third quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock worth $54,881,000 after buying an additional 251,517 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea's e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

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