SEA’s (SE) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of SEA (NYSE:SE) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a $78.00 target price on the Internet company based in Singapore’s stock, down from their previous target price of $84.00.

A number of other equities analysts also recently issued reports on SE. Morgan Stanley upgraded SEA from an equal weight rating to an overweight rating and increased their price target for the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $60.00 price target on shares of SEA in a research report on Wednesday, May 15th. Sanford C. Bernstein increased their price target on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Thursday, March 14th. Bank of America increased their price target on SEA from $70.00 to $75.00 and gave the stock a buy rating in a research report on Wednesday, May 15th. Finally, Wedbush restated an outperform rating and issued a $72.00 target price on shares of SEA in a research report on Tuesday, May 14th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, SEA currently has a consensus rating of Moderate Buy and a consensus target price of $73.50.

SEA Stock Down 4.1 %

Shares of SE opened at $71.43 on Tuesday. SEA has a 52 week low of $34.35 and a 52 week high of $76.60. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 1,428.60 and a beta of 1.53. The stock’s 50-day moving average price is $69.74 and its 200-day moving average price is $54.35.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. On average, sell-side analysts predict that SEA will post 0.67 EPS for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its holdings in shares of SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC increased its stake in SEA by 3.5% during the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after acquiring an additional 542,996 shares during the last quarter. Norges Bank acquired a new stake in SEA during the fourth quarter worth $640,219,000. Kora Management LP increased its stake in SEA by 9.4% during the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in SEA by 11.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock worth $167,341,000 after acquiring an additional 420,802 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

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.