Stocks of Sea Limited (NYSE:SE) traded higher last session on Wall Street, down -0.08% to $72.39.
According to the data, Sea Limited (NYSE:SE) has 36 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 $50.00, we find $98.00. Given the previous closing price of $72.45, this indicates a potential upside of 35.27 percent. SE stock price is now -10.10% away from the 50-day moving average and 10.50% away from the 200-day moving average. The market capitalization of the company currently stands at $41.97B.
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A total of 9 analysts have issued a hold rating and 22 have given it a buy rating. Brokers who have rated the stock have averaged $97.89 as their price target over the next twelve months.
With the price target of $105, The Benchmark Company recently initiated with Buy rating for Sea Limited (NYSE: SE). On April 20, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $105 to quote $92, while ‘BofA Securities’ rates the stock as ‘Neutral’.
A total of 11.27% 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 AXIOM INVESTORS LLC /DE during the first quarter worth $60,494,000. WHALE ROCK CAPITAL MANAGEMENT LLC invested $54,332,000 in shares of SE during the first quarter. In the first quarter, DRIEHAUS CAPITAL MANAGEMENT LLC acquired a new stake in Sea Limited valued at approximately $27,563,000. RIBBIT CAPITAL GP V, LTD. acquired a new stake in SE for approximately $26,799,000. MANE GLOBAL CAPITAL MANAGEMENT LP purchased a new stake in SE valued at around $21,932,000 in the second quarter. In total, there are 897 active investors with 80.20% ownership of the company’s stock.
During the past 12 months, Sea Limited has had a low of $40.67 and a high of $93.70. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for SE is $80.37 and a two-hundred day moving average price translates $65.49 for the stock.
The latest earnings results from Sea Limited (NYSE: SE) was released for Dec, 2022. According to the Internet Retail Company, earnings per share came in at $0.15, missing analysts’ expectations of $0.39 by -0.24. This compares to -$1.13 EPS in the same period last year. The net profit margin was -13.30% and return on equity was -29.70% for SE. The company reported revenue of $3.45 billion for the quarter, compared to $3.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.12 percent. For the current quarter, analysts expect SE to generate $3.19B in revenue.
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. 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, SeaInsure, 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.
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