Sea Ltd (NYSE:SE) gapped down prior to trading on Wednesday . The stock had previously closed at $14.25, but opened at $13.95. SEA shares last traded at $13.42, with a volume of 2520505 shares traded.

Several brokerages have recently weighed in on SE. ValuEngine cut shares of SEA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of SEA from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.00.

The company has a current ratio of 2.18, a quick ratio of 2.17 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $4.53 billion and a price-to-earnings ratio of -4.91.

SEA (NYSE:SE) last posted its quarterly earnings data on Wednesday, May 16th. The pipeline company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.01). The company had revenue of $197.04 million for the quarter, compared to analysts’ expectations of $159.54 million. The firm’s quarterly revenue was up 81.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.39) EPS. analysts predict that Sea Ltd will post -2.45 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Goldman Sachs Group Inc. acquired a new position in SEA during the 4th quarter valued at approximately $1,031,000. SeaTown Holdings Pte. Ltd. purchased a new stake in shares of SEA in the 1st quarter valued at $23,390,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of SEA in the 1st quarter valued at $554,000. Charles Lim Capital Ltd boosted its holdings in shares of SEA by 729.7% in the 1st quarter. Charles Lim Capital Ltd now owns 6,393,610 shares of the pipeline company’s stock valued at $72,056,000 after acquiring an additional 5,623,019 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of SEA in the 1st quarter valued at $123,000. Hedge funds and other institutional investors own 23.05% of the company’s stock.

About SEA (NYSE:SE)

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.

Featured Article: Google Finance Portfolio Tips and Tricks

Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.