SEA (NYSE:SE) Shares Gap Down to $71.42

Sea Limited (NYSE:SE) shares gapped down prior to trading on Monday . The stock had previously closed at $71.42, but opened at $67.81. SEA shares last traded at $67.60, with a volume of 759,710 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SE shares. Sanford C. Bernstein lifted their price target on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Wedbush reiterated an “outperform” rating and set a $72.00 price target on shares of SEA in a research note on Tuesday, May 14th. Dbs Bank reiterated a “hold” rating and set a $75.00 price target on shares of SEA in a research note on Friday. HSBC lifted their price target on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, TD Cowen lifted their price target on shares of SEA from $52.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.50.

SEA Trading Down 4.5 %

The business’s 50-day moving average price is $69.74 and its two-hundred day moving average price is $54.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 1,344.40 and a beta of 1.51.

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

Institutional Investors Weigh In On SEA

Institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its stake in shares of SEA by 91.4% in the third 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 stake in shares of SEA by 70.9% in the fourth 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. GAMMA Investing LLC boosted its stake in shares of SEA by 121.3% in the first 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. Blue Trust Inc. boosted its stake in shares of SEA by 152.4% in the fourth 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, EverSource Wealth Advisors LLC boosted its stake in shares of SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 394 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.