Sea Ltd (NYSE:SE) shares were up 6% on Monday . The stock traded as high as $149.22 and last traded at $147.82. Approximately 3,583,377 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 4,888,321 shares. The stock had previously closed at $139.51.
Several equities research analysts have weighed in on SE shares. Stephens began coverage on shares of SEA in a research note on Tuesday, June 30th. They issued an “overweight” rating for the company. ValuEngine downgraded shares of SEA from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Piper Sandler lifted their price objective on shares of SEA from $73.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. CLSA upgraded shares of SEA from an “underperform” rating to an “outperform” rating and set a $74.00 price objective for the company in a research note on Tuesday, May 19th. Finally, Cowen lifted their price objective on shares of SEA from $77.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $104.40.
The company has a current ratio of 1.76, a quick ratio of 1.74 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $49.05 billion, a price-to-earnings ratio of -59.72 and a beta of 1.44. The firm’s fifty day simple moving average is $138.52 and its two-hundred day simple moving average is $89.55.
SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 18th. The Internet company based in Singapore reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.27). SEA had a negative return on equity of 107.94% and a negative net margin of 39.03%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted ($0.52) earnings per share. The business’s revenue was up 93.5% compared to the same quarter last year. As a group, analysts forecast that Sea Ltd will post -3.06 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Sands Capital Management LLC boosted its holdings in shares of SEA by 64.8% in the 1st quarter. Sands Capital Management LLC now owns 23,695,875 shares of the Internet company based in Singapore’s stock valued at $1,049,964,000 after buying an additional 9,317,825 shares in the last quarter. Capital Research Global Investors acquired a new stake in SEA during the 1st quarter worth $151,608,000. William Blair Investment Management LLC boosted its stake in SEA by 154.9% during the 1st quarter. William Blair Investment Management LLC now owns 1,428,937 shares of the Internet company based in Singapore’s stock worth $63,316,000 after purchasing an additional 868,332 shares during the period. GQG Partners LLC boosted its stake in SEA by 25.4% during the 2nd quarter. GQG Partners LLC now owns 4,156,522 shares of the Internet company based in Singapore’s stock worth $445,790,000 after purchasing an additional 841,778 shares during the period. Finally, Wasatch Advisors Inc. acquired a new stake in SEA during the 2nd quarter worth $77,039,000. 72.83% of the stock is currently owned by institutional investors.
SEA Company Profile (NYSE:SE)
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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