SEA (NYSE:SE) Shares Gap Down – Time to Sell?

Sea Limited (NYSE:SE)’s share price gapped down prior to trading on Friday . The stock had previously closed at $120.05, but opened at $109.00. SEA shares last traded at $110.47, with a volume of 2,409,919 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SE. Benchmark boosted their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Barclays boosted their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Arete Research raised SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.40.

SEA Trading Down 11.6 %

The stock has a market cap of $60.77 billion, a PE ratio of 707.88 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business has a 50-day moving average of $128.04 and a 200 day moving average of $113.06.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently modified their holdings of SE. Norges Bank acquired a new stake in SEA during the fourth quarter worth approximately $1,493,682,000. WCM Investment Management LLC boosted its holdings in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd grew its position in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. CoreView Capital Management Ltd grew its position in shares of SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the period. Finally, Baillie Gifford & Co. increased its stake in SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.