SEA (NYSE:SE) Shares Down 9.6% - What's Next?

Key Points

• SEA Limited shares fell by 9.6% on Wednesday, closing at $163.39, significantly below the previous close of $180.69.
• Recent analyst ratings have been mixed; Wall Street Zen downgraded SEA from a "buy" to a "hold," while Benchmark set a new price target of $205.00.
• The company reported earnings of $0.65 per share, missing estimates by $0.38, despite a 38.2% year-over-year increase in revenue to $5.26 billion.

Shares of Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) were down 9.6% during trading on Wednesday . The stock traded as low as $167.79 and last traded at $163.39. Approximately 3,156,057 shares traded hands during trading, a decline of 28% from the average daily volume of 4,396,900 shares. The stock had previously closed at $180.69.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SE shares. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Arete cut SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective for the company. in a research report on Wednesday, September 3rd. Benchmark increased their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Arete Research cut SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Barclays increased their price objective on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $176.85.

SEA Stock Performance

The company has a market capitalization of $96.40 billion, a P/E ratio of 84.79 and a beta of 1.54. The stock has a fifty day simple moving average of $182.42 and a 200-day simple moving average of $159.25. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm's revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. Equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC bought a new position in shares of SEA in the third quarter valued at about $29,000. ORG Partners LLC raised its holdings in shares of SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore's stock valued at $25,000 after buying an additional 138 shares during the last quarter. Smithfield Trust Co bought a new position in shares of SEA in the first quarter valued at about $25,000. Sava Infond d.o.o. bought a new position in shares of SEA in the first quarter valued at about $26,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 100 shares during the last quarter. 59.53% of the stock is owned by 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.

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