SEA (NYSE:SE) Stock Price Down 3.4% - Time to Sell?

Sea Limited (NYSE:SE - Get Free Report) was down 3.4% during trading on Friday . The stock traded as low as $164.60 and last traded at $164.61. Approximately 2,109,946 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 4,435,460 shares. The stock had previously closed at $170.40.

Analyst Ratings Changes

Several research analysts recently commented on SE shares. Loop Capital reaffirmed a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays boosted their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Finally, Benchmark boosted their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Price Performance

The business has a fifty day simple moving average of $140.52 and a two-hundred day simple moving average of $127.68. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $97.01 billion, a PE ratio of 1,097.80 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. Research analysts forecast that Sea Limited will post 0.74 earnings per share for the current year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of 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 worth $3,753,769,000 after buying an additional 27,448,779 shares during the last quarter. Norges Bank purchased a new stake in shares of SEA in the 4th quarter worth approximately $1,493,682,000. WCM Investment Management LLC grew its stake in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after buying an additional 4,761,289 shares during the last quarter. Jennison Associates LLC purchased a new stake in SEA during the 1st quarter valued at about $336,521,000. Finally, Fred Alger Management LLC grew its position 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 valued at $337,340,000 after purchasing an additional 1,528,301 shares during the last quarter. 59.53% of the stock is 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.