SEA (NYSE:SE) Stock Price Down 4.8% - Here's Why

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) shares dropped 4.8% during trading on Thursday . The stock traded as low as $145.60 and last traded at $145.44. Approximately 893,303 shares traded hands during trading, a decline of 80% from the average daily volume of 4,578,845 shares. The stock had previously closed at $152.74.

Analyst Ratings Changes

SE has been the subject of several research reports. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Finally, Loop Capital restated a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.17.

SEA Stock Performance

The company has a market cap of $87.28 billion, a price-to-earnings ratio of 104.34 and a beta of 1.60. The firm has a 50-day simple moving average of $156.33 and a 200 day simple moving average of $133.82. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share 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 company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the business posted ($0.04) earnings per share. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of institutional investors have recently modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of SEA by 2,082.7% in the first 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 in the last quarter. Norges Bank purchased a new stake in shares of SEA in the fourth quarter valued at approximately $1,493,682,000. Jennison Associates LLC purchased a new stake in shares of SEA in the first quarter valued at approximately $336,521,000. Fred Alger Management LLC boosted its stake in shares of SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after buying an additional 1,528,301 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in SEA by 19.5% during the fourth 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. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.