Sea Limited Sponsored ADR (SE) - What Are Analysts Saying About This Stock?

Key Points

• Analysts broadly favor SEA: Fifteen firms assign the stock an average “Moderate Buy” rating, including 10 buys, four holds and one strong buy. The average 12-month price target is $140.91.
• SEA’s latest quarter showed 48.3% year-over-year revenue growth to $7.79 billion, exceeding estimates, although adjusted EPS of $0.70 missed the $0.86 consensus.
• The stock opened at $74.28, well below its 52-week high of $159.80, while insiders sold more than 2 million shares worth approximately $248.5 million over the last quarter. Institutional investors own 59.53% of the company.

Shares of Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $140.91.

A number of brokerages have recently weighed in on SE. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Benchmark boosted their target price on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Arete Research raised SEA from a "neutral" rating to a "buy" rating and set a $152.00 price target for the company in a research note on Monday, September 7th. Zacks Research raised SEA from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. Finally, Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a report on Saturday, October 24th.

SEA Price Performance

SE stock opened at $74.28 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The company's fifty day moving average price is $99.06 and its 200-day moving average price is $99.02. SEA has a one year low of $71.53 and a one year high of $159.80. The company has a market capitalization of $45.39 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.54.

SEA (NYSE:SE - Get Free Report) last announced its quarterly 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). The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The business's revenue was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts anticipate that SEA will post 2.88 EPS for the current fiscal year.

Insider Transactions at SEA

In other news, insider Feng Zhao sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the completion of the transaction, the insider directly owned 93,580 shares in the company, valued at approximately $8,891,971.60. This represents a 29.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jingye Chen sold 30,000 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total transaction of $3,266,100.00. Following the completion of the transaction, the insider directly owned 270,000 shares of the company's stock, valued at approximately $29,394,900. This trade represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,037,686 shares of company stock valued at $248,500,136 over the last quarter. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Investment Management Inc. increased its stake in SEA by 11.8% during the third quarter. Rakuten Investment Management Inc. now owns 24,600 shares of the Internet company based in Singapore's stock worth $2,426,000 after acquiring an additional 2,600 shares during the last quarter. Provenance Wealth Advisors LLC lifted its stake in shares of SEA by 1,511.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore's stock valued at $28,000 after purchasing an additional 272 shares during the last quarter. Integrity Alliance LLC. bought a new stake in shares of SEA in the 3rd quarter valued at approximately $331,000. Trek Financial LLC purchased a new position in shares of SEA in the 3rd quarter worth approximately $11,844,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of SEA by 0.9% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore's stock worth $1,659,000 after purchasing an additional 146 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Company Profile

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.

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