SEA (NYSE:SE) Given New $80.00 Price Target at Citigroup

SEA (NYSE:SE) had its price target decreased by Citigroup from $81.00 to $80.00 in a research note issued to investors on Tuesday, Benzinga reports. Citigroup currently has a buy rating on the Internet company based in Singapore’s stock.

SE has been the subject of several other research reports. Benchmark lifted their price objective on shares of SEA from $78.00 to $87.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Wedbush reiterated an outperform rating and issued a $72.00 price objective on shares of SEA in a research note on Tuesday, May 14th. Dbs Bank reiterated a hold rating and issued a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. Bank of America boosted their target price on shares of SEA from $75.00 to $77.00 and gave the company a buy rating in a research report on Monday. Finally, Morgan Stanley upgraded shares of SEA from an equal weight rating to an overweight rating and boosted their target price for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $74.53.

SEA Stock Performance

Shares of NYSE SE traded down $1.41 during mid-day trading on Tuesday, reaching $65.57. 1,444,316 shares of the company were exchanged, compared to its average volume of 5,970,809. The company’s 50-day simple moving average is $72.07 and its 200-day simple moving average is $58.50. 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 stock has a market capitalization of $37.53 billion, a P/E ratio of 1,339.40 and a beta of 1.51. SEA has a twelve month low of $34.35 and a twelve month high of $76.60.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, research analysts predict that SEA will post 0.66 earnings per share for the current year.

Institutional Trading of SEA

Institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in shares of SEA in the 2nd quarter worth $32,000. GAMMA Investing LLC grew its stake in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after acquiring an additional 336 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares in the last quarter. UMB Bank n.a. grew its position in SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after buying an additional 327 shares during the period. Finally, Blue Trust Inc. grew its position in SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares during the period. Institutional investors 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.