SEA (NYSE:SE) Shares Cross Below 50-Day Moving Average – Should You Sell?

by · The Markets Daily

Sea Limited Sponsored ADR (NYSE:SE – Get Free Report)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $140.25 and traded as low as $125.90. SEA shares last traded at $127.8210, with a volume of 1,839,819 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SE shares. JPMorgan Chase & Co. boosted their target price on SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Barclays raised their price objective on SEA from $214.00 to $226.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Phillip Securities raised SEA from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 16th. Morgan Stanley set a $209.00 target price on SEA in a research report on Wednesday, October 22nd. Finally, Wedbush cut their price target on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average price target of $192.61.

Check Out Our Latest Stock Analysis on SEA

SEA Stock Up 1.2%

The firm has a 50 day moving average of $140.25 and a two-hundred day moving average of $159.79. The stock has a market capitalization of $75.30 billion, a PE ratio of 56.06 and a beta of 1.58. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03.

SEA (NYSE:SE – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.52). The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA announced that its board has initiated a share buyback plan on Monday, November 17th that permits the company to buyback $0.00 in shares. This buyback authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC grew its holdings in SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after purchasing an additional 143 shares in the last quarter. Sound Income Strategies LLC purchased a new position in SEA in the 3rd quarter valued at about $29,000. ORG Partners LLC boosted its position in SEA by 552.0% in the 2nd quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock valued at $25,000 after buying an additional 138 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 106 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SEA during the second quarter worth about $50,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

(Get Free Report)

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.

Read More