ValuEngine Downgrades SEA (SE) to Hold

ValuEngine cut shares of SEA (NYSE:SE) from a buy rating to a hold rating in a research note published on Wednesday morning.

Separately, Zacks Investment Research downgraded SEA from a hold rating to a sell rating in a report on Thursday, November 22nd.

NYSE SE opened at $12.10 on Wednesday. The company has a market cap of $4.07 billion, a PE ratio of -4.45 and a beta of 0.37. SEA has a 52 week low of $10.06 and a 52 week high of $17.19. The company has a quick ratio of 1.89, a current ratio of 1.91 and a debt-to-equity ratio of 39.64.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 20th. The pipeline company reported ($0.75) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.01). The firm had revenue of $242.84 million for the quarter, compared to the consensus estimate of $212.55 million. SEA had a negative net margin of 141.71% and a negative return on equity of 367.61%. On average, equities analysts anticipate that SEA will post -2.9 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in SEA during the second quarter worth $11,667,000. General Atlantic LLC bought a new stake in SEA during the second quarter worth $166,667,000. Bain Capital Public Equity Management LLC bought a new stake in SEA during the second quarter worth $2,823,000. Sloane Robinson LLP grew its holdings in SEA by 22.8% during the third quarter. Sloane Robinson LLP now owns 1,350,600 shares of the pipeline company’s stock worth $18,827,000 after buying an additional 250,900 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in SEA during the second quarter worth $450,000. Hedge funds and other institutional investors own 30.27% of the company’s stock.

About SEA

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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