SEA (NYSE:SE) Trading Up 7.3%

Sea Limited (NYSE:SEGet Rating) shares were up 7.3% on Friday . The stock traded as high as $63.81 and last traded at $63.71. Approximately 116,178 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 8,490,286 shares. The stock had previously closed at $59.36.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Daiwa Capital Markets cut shares of SEA from a “buy” rating to a “neutral” rating in a report on Wednesday, August 17th. Cowen reduced their price objective on shares of SEA from $133.00 to $115.00 in a report on Wednesday, May 18th. Stifel Nicolaus reduced their price objective on shares of SEA from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, August 17th. Barclays reduced their price objective on shares of SEA from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, August 18th. Finally, The Goldman Sachs Group reduced their price objective on shares of SEA from $196.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday, May 17th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.25.

SEA Trading Up 6.9 %

The firm’s 50-day moving average price is $72.87 and its 200-day moving average price is $86.23. The company has a quick ratio of 1.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.77. The company has a market cap of $35.40 billion, a P/E ratio of -12.98 and a beta of 1.65.

SEA (NYSE:SEGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The Internet company based in Singapore reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.18) by ($0.17). SEA had a negative net margin of 22.97% and a negative return on equity of 37.42%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm earned ($0.83) EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, equities research analysts expect that Sea Limited will post -5.16 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. San Luis Wealth Advisors LLC bought a new position in shares of SEA in the 1st quarter worth $45,000. Allworth Financial LP bought a new position in shares of SEA in the 1st quarter worth $30,000. Ronald Blue Trust Inc. purchased a new stake in shares of SEA in the 2nd quarter valued at $46,000. Desjardins Global Asset Management Inc. purchased a new stake in shares of SEA in the 1st quarter valued at $49,000. Finally, Truvestments Capital LLC purchased a new stake in shares of SEA in the 2nd quarter valued at $29,000. Institutional investors own 71.15% of the company’s stock.

About SEA

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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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.

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