SEA (NYSE:SE) Shares Gap Down to $75.89

Sea Limited (NYSE:SE) gapped down before the market opened on Tuesday . The stock had previously closed at $75.89, but opened at $71.90. SEA shares last traded at $72.83, with a volume of 936,819 shares changing hands.

Analyst Upgrades and Downgrades

SE has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $78.00 target price (down from $84.00) on shares of SEA in a research report on Tuesday. Wedbush restated an “outperform” rating and issued a $72.00 price objective on shares of SEA in a research report on Tuesday, May 14th. Barclays boosted their price objective on SEA from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. TD Cowen boosted their price objective on SEA from $52.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, May 15th. Finally, Bank of America boosted their price objective on SEA from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $73.40.

SEA Stock Up 1.0 %

The company has a 50 day simple moving average of $69.05 and a two-hundred day simple moving average of $53.97. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $42.87 billion, a P/E ratio of 1,498.20 and a beta of 1.53.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 22.8% compared to the same quarter last year. As a group, equities analysts predict that Sea Limited will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its holdings in shares of SEA by 12,344.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after purchasing an additional 2,634,327 shares during the period. Untitled Investments LP boosted its holdings in shares of SEA by 56.1% in the third quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore’s stock valued at $12,503,000 after purchasing an additional 102,280 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of SEA by 27.2% in the fourth quarter. Handelsbanken Fonder AB now owns 90,802 shares of the Internet company based in Singapore’s stock valued at $3,677,000 after purchasing an additional 19,406 shares during the period. Institutional investors own 59.53% of the company’s stock.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.