SEA’s (SE) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of SEA (NYSE:SE) in a research report released on Monday morning, RTT News reports. Wedbush currently has a $105.00 price target on the Internet company based in Singapore’s stock, up from their previous price target of $84.00.

A number of other analysts have also issued reports on SE. Benchmark lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, TD Cowen boosted their target price on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Trading Down 0.4 %

SE opened at $95.36 on Monday. The firm has a market capitalization of $54.58 billion, a P/E ratio of -272.46 and a beta of 1.52. The firm’s 50 day moving average is $90.73 and its 200-day moving average is $77.56. SEA has a 52-week low of $34.35 and a 52-week high of $101.93. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts expect that SEA will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently modified their holdings of SE. Kaizen Investment Management Pte. Ltd. acquired a new position in shares of SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC lifted its holdings in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Baillie Gifford & Co. lifted its holdings in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. Eminence Capital LP lifted its holdings in SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after purchasing an additional 1,408,314 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in SEA in the second quarter worth about $99,989,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.