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

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $147.15.

SEA Stock Performance

The firm has a fifty day moving average of $139.26 and a 200-day moving average of $126.79. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $97.14 billion, a P/E ratio of 1,097.87 and a beta of 1.70.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in SEA in the first quarter valued at approximately $6,970,000. Addison Capital Co boosted its position in shares of SEA by 1.4% during the first quarter. Addison Capital Co now owns 39,889 shares of the Internet company based in Singapore's stock worth $5,205,000 after buying an additional 568 shares during the period. Acadian Asset Management LLC grew its holdings in shares of SEA by 8.0% during the first quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore's stock worth $623,355,000 after buying an additional 354,158 shares in the last quarter. Geneos Wealth Management Inc. raised its position in SEA by 309.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore's stock valued at $280,000 after buying an additional 1,622 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in SEA by 60.5% in the 1st quarter. Intech Investment Management LLC now owns 19,669 shares of the Internet company based in Singapore's stock valued at $2,567,000 after acquiring an additional 7,413 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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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