SEA (NYSE:SE) Shares Down 2.6%

Sea Limited (NYSE:SE)’s stock price dropped 2.6% during trading on Thursday . The stock traded as low as $79.13 and last traded at $79.13. Approximately 544,911 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 5,867,245 shares. The stock had previously closed at $81.24.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SE shares. Barclays increased their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Benchmark lifted their price target on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $60.00 price objective on shares of SEA in a research report on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and set a $84.00 target price (up from $76.00) on shares of SEA in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.00.

SEA Trading Down 4.3 %

The company has a fifty day moving average of $71.79 and a 200-day moving average of $64.27. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $44.50 billion, a price-to-earnings ratio of 1,624.80 and a beta of 1.51.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sea Limited will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. acquired a new position in SEA during the second quarter worth $32,000. GAMMA Investing LLC boosted its position in shares of SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares during the period. EverSource Wealth Advisors LLC increased its position in SEA by 38.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 394 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in SEA by 78.8% during the first quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after purchasing an additional 528 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

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.