Sea Ltd (NYSE:SE) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 26,458,700 shares, a decrease of 10.1% from the May 30th total of 29,420,400 shares. Approximately 9.3% of the shares of the company are short sold. Based on an average daily volume of 4,310,000 shares, the short-interest ratio is presently 6.1 days.
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of SEA in a report on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price objective on the stock. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Credit Suisse Group set a $43.00 price objective on shares of SEA and gave the stock a “buy” rating in a report on Thursday, July 4th. Stifel Nicolaus set a $154.00 price objective on shares of argenx and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Finally, Piper Jaffray Companies dropped their price objective on shares of Pure Storage from $25.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.00.
SEA stock traded down $0.83 during trading hours on Friday, hitting $35.17. 1,335,617 shares of the company traded hands, compared to its average volume of 3,336,204. The company has a market cap of $11.50 billion, a price-to-earnings ratio of -11.88 and a beta of 1.32. The company has a current ratio of 2.26, a quick ratio of 2.25 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $31.96. SEA has a 1-year low of $10.52 and a 1-year high of $37.00.
SEA (NYSE:SE) last released its earnings results on Tuesday, May 21st. The Internet company based in Singapore reported ($0.68) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.91) by $0.23. The firm had revenue of $578.82 million for the quarter, compared to analysts’ expectations of $425.65 million. SEA had a negative net margin of 140.24% and a negative return on equity of 272.42%. Analysts anticipate that SEA will post -3.44 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in SEA during the 4th quarter valued at about $16,980,000. TD Asset Management Inc. boosted its position in shares of SEA by 13.1% during the 1st quarter. TD Asset Management Inc. now owns 164,496 shares of the Internet company based in Singapore’s stock valued at $3,869,000 after purchasing an additional 19,096 shares in the last quarter. Segantii Capital Management Ltd bought a new position in shares of SEA during the 1st quarter valued at about $32,693,000. Royce & Associates LP bought a new position in shares of SEA during the 1st quarter valued at about $2,540,000. Finally, Miura Global Management LLC bought a new position in shares of SEA during the 1st quarter valued at about $17,640,000. 58.45% of the stock is currently owned by hedge funds and other institutional investors.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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