Sea Limited Sponsored ADR (NYSE:SE) Stock Has Average Price Target of $149.40 According to Brokerages

Key Points

• Analysts remain broadly bullish: SEA has a “Moderate Buy” consensus from 14 analysts, with an average 12-month price target of $149.40. Recent actions included Benchmark raising its target to $175 and Royal Bank of Canada upgrading the stock to “buy.”
• Quarterly results were mixed: SEA reported $7.79 billion in revenue, up 48.3% year over year and above estimates, but earnings per share of $0.70 missed consensus of $0.86.
• Insiders have been significant sellers: Company insiders sold 2.21 million shares worth approximately $267 million during the last quarter, including large sales by the CEO and COO. Institutional investors own 59.53% of SEA’s outstanding shares.

Shares of Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $149.40.

SE has been the subject of several research analyst reports. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Benchmark boosted their target price on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Finally, Arete Research set a $152.00 price target on shares of SEA and gave the company a "buy" rating in a report on Monday, September 7th.

SEA Stock Up 1.8%

Shares of SE opened at $96.94 on Tuesday. SEA has a fifty-two week low of $77.05 and a fifty-two week high of $193.48. The company's fifty day moving average is $110.36 and its two-hundred day moving average is $97.67. The firm has a market cap of $59.23 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The company's quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. Analysts forecast that SEA will post 2.91 earnings per share for the current year.

Insider Buying and Selling at SEA

In related news, COO Gang Ye sold 30,000 shares of SEA stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the transaction, the chief operating officer owned 430,000 shares in the company, valued at approximately $55,620,500. The trade was a 6.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Xiaodong Li sold 1,057,650 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the sale, the chief executive officer directly owned 288,450 shares of the company's stock, valued at approximately $37,440,810. This trade represents a 78.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,207,986 shares of company stock worth $267,032,740. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Carrhae Capital LLP bought a new position in SEA in the second quarter worth about $140,501,000. Charles Lim Capital Ltd grew its holdings in shares of SEA by 172.7% during the fourth 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 purchasing an additional 475,000 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of SEA during the 2nd quarter worth approximately $37,527,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SEA during the 2nd quarter worth approximately $12,410,000. Finally, Nykredit A S acquired a new stake in SEA in the second quarter worth $9,542,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Company Profile

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.

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