SEA (NYSE:SE) Shares Down 3.4%

Shares of Sea Limited (NYSE:SE) traded down 3.4% during mid-day trading on Friday . The stock traded as low as $71.67 and last traded at $71.99. 2,313,861 shares were traded during mid-day trading, a decline of 63% from the average session volume of 6,184,060 shares. The stock had previously closed at $74.51.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $72.00 price objective on shares of SEA in a report on Tuesday, May 14th. TD Cowen boosted their price objective on SEA from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Bank of America boosted their price objective on SEA from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Benchmark boosted their price objective on SEA from $78.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, HSBC boosted their price objective on SEA from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.50.

SEA Trading Down 4.1 %

The company has a 50-day moving average price of $69.74 and a 200-day moving average price of $54.46. The firm has a market capitalization of $40.88 billion, a price-to-earnings ratio of 1,428.40 and a beta of 1.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The company’s revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. As a group, research analysts forecast that Sea Limited will post 0.66 EPS for the current fiscal year.

Institutional Trading of SEA

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after purchasing an additional 336 shares during the period. Sunbelt Securities Inc. boosted its position in shares of SEA by 91.4% in the 3rd 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. UMB Bank n.a. boosted its position in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the period. Blue Trust Inc. boosted its position in shares of SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of SEA by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after purchasing an additional 528 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

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.