Stocks of Sea Limited (NYSE:SE) traded higher last session on Wall Street, up 3.88% to $55.63.
According to the data, Sea Limited (NYSE:SE) has 33 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $159.00 and a low of $40.00, we find $94.00. Given the previous closing price of $53.55, this indicates a potential upside of 75.54 percent. SE stock price is now 4.11% away from the 50-day moving average and -31.37% away from the 200-day moving average. The market capitalization of the company currently stands at $26.66B.
A total of 8 analysts have issued a hold rating and 20 have given it a buy rating. Brokers who have rated the stock have averaged $90.72 as their price target over the next twelve months.
With the price target reduced from $72 to $60, Cowen Downgraded its rating from Outperform to Market Perform for Sea Limited (NYSE: SE). On November 07, 2022, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock reducing its target price from $85 to quote $70, while ‘Daiwa Securities’ rates the stock as ‘Neutral’.
A total of 14.27% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SE stock. A new stake in Sea Limited shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $131,447,000. DUQUESNE FAMILY OFFICE LLC invested $30,026,000 in shares of SE during the first quarter. In the first quarter, BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY acquired a new stake in Sea Limited valued at approximately $19,194,000. ARDEVORA ASSET MANAGEMENT LLP acquired a new stake in SE for approximately $19,009,000. SEATOWN HOLDINGS PTE. LTD. purchased a new stake in SE valued at around $16,723,000 in the second quarter. In total, there are 961 active investors with 80.30% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $54.47 for Sea Limited (NYSE: SE). During the past 12 months, Sea Limited has had a low of $40.67 and a high of $307.86. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for SE is $53.29 and a two-hundred day moving average price translates $80.52 for the stock.
The latest earnings results from Sea Limited (NYSE: SE) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$1.67, missing analysts’ expectations of -$1.19 by -0.48. This compares to -$1.06 EPS in the same period last year. The net profit margin was -23.00% and return on equity was -40.30% for SE. The company reported revenue of $3.16 billion for the quarter, compared to $2.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.37 percent. For the current quarter, analysts expect SE to generate $3.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/01/2017. Investors who held shares on 02/15/2017 were paid a $0.44 dividend.
Sea Limited(SE) 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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including offline and online mobile wallet, and payment processing services, as well as other offerings across credit, insurtech, and digital bank services under the ShopeePay, SPayLater, SeaBank, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.