SEA (NYSE:SE) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SEA (NYSE:SE - Free Report) from a buy rating to a hold rating in a report released on Sunday morning.

A number of other brokerages also recently issued reports on SE. Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $147.15.

SEA Stock Performance

Shares of SE stock traded down $2.20 on Friday, hitting $153.49. The company's stock had a trading volume of 3,172,338 shares, compared to its average volume of 4,429,859. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The stock's 50 day moving average is $148.25 and its 200-day moving average is $130.23. SEA has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The company has a market capitalization of $90.42 billion, a PE ratio of 108.09 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the company posted ($0.04) earnings per share. The company's revenue was up 29.6% on a year-over-year basis. Equities research analysts expect that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after buying an additional 27,448,779 shares during the last quarter. Norges Bank bought a new position in SEA during the 4th quarter worth approximately $1,493,682,000. Jennison Associates LLC bought a new position in SEA during the 1st quarter worth approximately $336,521,000. Fred Alger Management LLC raised its holdings in SEA by 144.6% during the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after purchasing an additional 1,528,301 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.