Shares of Sea Limited (NYSE:SE) gapped down before the market opened on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $420.00 to $250.00. The stock had previously closed at $158.28, but opened at $149.52. JPMorgan Chase & Co. currently has an overweight rating on the stock. SEA shares last traded at $134.65, with a volume of 168,335 shares trading hands.
Several other research firms have also commented on SE. UBS Group upped their price target on shares of SEA from $350.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 17th. Macquarie decreased their target price on shares of SEA from $435.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. Barclays cut their price target on shares of SEA from $427.00 to $218.00 and set an “overweight” rating for the company in a report on Monday, February 7th. Loop Capital assumed coverage on shares of SEA in a report on Tuesday, January 18th. They issued a “hold” rating and a $190.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on shares of SEA from $400.00 to $300.00 in a research note on Wednesday, January 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $311.23.
Several hedge funds and other institutional investors have recently modified their holdings of SE. The Manufacturers Life Insurance Company increased its stake in shares of SEA by 72.5% in the third quarter. The Manufacturers Life Insurance Company now owns 582,547 shares of the Internet company based in Singapore’s stock valued at $185,675,000 after buying an additional 244,786 shares in the last quarter. Discovery Value Fund increased its stake in shares of SEA by 17.8% in the third quarter. Discovery Value Fund now owns 1,310,421 shares of the Internet company based in Singapore’s stock valued at $417,670,000 after buying an additional 198,381 shares in the last quarter. Jennison Associates LLC increased its stake in shares of SEA by 64.0% in the third quarter. Jennison Associates LLC now owns 7,030,971 shares of the Internet company based in Singapore’s stock valued at $2,240,981,000 after buying an additional 2,742,732 shares in the last quarter. Truist Financial Corp increased its stake in shares of SEA by 58.0% in the third quarter. Truist Financial Corp now owns 14,996 shares of the Internet company based in Singapore’s stock valued at $4,780,000 after buying an additional 5,504 shares in the last quarter. Finally, Jefferies Group LLC increased its position in SEA by 310.6% in the second quarter. Jefferies Group LLC now owns 20,529 shares of the Internet company based in Singapore’s stock worth $5,637,000 after purchasing an additional 15,529 shares during the period. 52.75% of the stock is owned by institutional investors.
The stock has a 50-day moving average of $191.90 and a 200 day moving average of $277.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.49 and a quick ratio of 2.47. The stock has a market capitalization of $72.60 billion, a price-to-earnings ratio of -36.24 and a beta of 1.27.
SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 16th. The Internet company based in Singapore reported ($0.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.16). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.48 billion. SEA had a negative return on equity of 42.71% and a negative net margin of 23.51%. SEA’s revenue for the quarter was up 121.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.87) earnings per share. Sell-side analysts anticipate that Sea Limited will post -3.86 earnings per share for the current fiscal year.
SEA Company Profile (NYSE:SE)
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.