SEA (NYSE:SE) Shares Gap Down - Time to Sell?

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $168.55, but opened at $163.71. SEA shares last traded at $158.01, with a volume of 1,827,908 shares trading hands.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of research analyst reports. Loop Capital reissued a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Benchmark upped their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

SEA Price Performance

The company has a market cap of $91.76 billion, a price-to-earnings ratio of 109.74 and a beta of 1.60. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The company's 50 day moving average price is $158.33 and its 200 day moving average price is $136.31.

SEA (NYSE:SE - Get Free Report) last released its 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). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm's revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Several hedge funds have recently added to or reduced their stakes in SE. ORG Partners LLC grew its holdings in shares of SEA by 552.0% during the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore's stock worth $25,000 after buying an additional 138 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of SEA during the first quarter worth about $25,000. Sava Infond d.o.o. purchased a new stake in shares of SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC grew its holdings in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 100 shares in the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of SEA during the first quarter worth about $28,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

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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