Holdings of Sea Limited (SE) are aligned with the stars

Sea Limited (NYSE: SE) stock jumped 7.40% on Friday to $65.86 against a previous-day closing price of $61.32. With 11.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.75 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $68.65 whereas the lowest price it dropped to was $62.56. The 52-week range on SE shows that it touched its highest point at $180.61 and its lowest point at $40.67 during that stretch. It currently has a 1-year price target of $90.84. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SE was up-trending over the past week, with a rise of 12.81%, but this was up by 24.22% over a month. Three-month performance surged to 37.44% while six-month performance fell -21.02%. The stock lost -60.76% in the past year, while it has gained 26.58% so far this year. A look at the trailing 12-month EPS for SE yields -4.84 with Next year EPS estimates of -1.95. For the next quarter, that number is -0.76. This implies an EPS growth rate of -13.30% for this year and 57.00% for next year.

Float and Shares Shorts:

At present, 558.46 million SE shares are outstanding with a float of 253.71 million shares on hand for trading. On Oct 13, 2022, short shares totaled 28.03 million, which was 4.99% higher than short shares on Sep 14, 2022. In addition to Mr. Xiaodong Li as the firm’s Founder, Chairman & Group CEO, Mr. Feng Zhimin serves as its Group Pres.

Institutional Ownership:

Through their ownership of 74.40% of SE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 31.18% of SE, in contrast to 30.49% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SE with 6.21% of the stake, Capital Research & Management Co holds 32,075,551 shares worth 32,075,551. A second-largest stockholder of SE, T. Rowe Price Associates, Inc., holds 26,328,095 shares, controlling over 5.10% of the firm’s shares. Sands Capital Management LLC is the third largest shareholder in SE, holding 19,554,102 shares or 3.79% stake. With a 6.84% stake in SE, the American Funds EuroPacific Growth is the largest stakeholder. A total of 35,285,617 shares are owned by the mutual fund manager. The American Funds New World Fund, which owns about 1.28% of SE stock, is the second-largest Mutual Fund holder. It holds 6,624,674 shares valued at 344.68 million. American Funds Capital World Grow holds 0.99% of the stake in SE, owning 5,083,884 shares worth 264.51 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SE since 35 analysts follow the stock currently. There are 20 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SE analysts setting a high price target of $159.00 and a low target of $40.00, the average target price over the next 12 months is $85.88. Based on these targets, SE could surge 141.42% to reach the target high and fall by -39.27% to reach the target low. Reaching the average price target will result in a growth of 30.4% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SE will report FY 2022 earnings on 02/27/2024. Analysts have provided yearly estimates in a range of -$2.45 being high and -$5.38 being low. For SE, this leads to a yearly average estimate of -$3.85. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sea Limited surprised analysts by $0.38 when it reported -$0.66 EPS against a consensus estimate of -$1.04. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$1.17. The average estimate for the next quarter is thus -$0.69.

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