Sea Limited (SE) Shares Decline for Seventh Session, Down Over 4.2% Year-to-Date
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: seekingalpha
- Stock Price Decline: Sea Limited's shares closed down 1.07% at $123.91 on Thursday, marking a seventh consecutive session of decline with a total drop exceeding 12.35%, significantly underperforming the S&P 500's 0.26% decrease.
- Strong Financial Performance: Despite achieving a 38% revenue growth and profitability across all segments in Q3, net profit fell short of market expectations due to increased tax expenses, highlighting profitability pressures amid strong operational momentum.
- Share Buyback Program: The company announced a $1 billion share buyback plan, and despite recent stock weakness, it maintains a strong balance sheet with net cash and negative net debt, indicating long-term financial health and stability.
- Analyst Optimism: Wall Street analysts remain largely bullish on Sea, with 31 rating the stock as Buy or higher, reflecting confidence in its future growth despite intense e-commerce competition and macroeconomic volatility.
Analyst Views on SE
Wall Street analysts forecast SE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SE is 188.55 USD with a low forecast of 138.00 USD and a high forecast of 226.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 124.000
Low
138.00
Averages
188.55
High
226.00
Current: 124.000
Low
138.00
Averages
188.55
High
226.00
About SE
Sea Limited is a consumer Internet company. The Company, through its subsidiaries, operates three core businesses of e-commerce, digital financial services, and digital entertainment, known as Shopee, SeaMoney and Garena. Its segments are e-commerce, digital financial services, and digital entertainment. The platform of Garena offers mobile and personal computer online games and develops mobile games for the global market. It offers e-sports and provides access to other entertainment content and social features, such as live-streaming of gameplay, user chat, and online forums. The platform of Shopee is a mobile-centric, social-focused marketplace. It provides users a shopping environment with integrated payment, logistics infrastructure, and seller services. SeaMoney provides digital financial services and products, including mobile wallet services, payment processing, credit, banking, and Insurtech. It operates in Indonesia, Taiwan, Thailand, Singapore, Malaysia, and the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
