SEA (NYSE:SE) PT Raised to $69.00

SEA (NYSE:SE) had its price objective raised by investment analysts at TD Cowen from $64.00 to $69.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the Internet company based in Singapore’s stock. TD Cowen’s price target indicates a potential downside of 10.11% from the stock’s previous close.

A number of other research firms also recently weighed in on SE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 target price on shares of SEA in a research report on Wednesday, May 15th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday. Dbs Bank reaffirmed a “hold” rating and set a $75.00 target price on shares of SEA in a report on Friday, June 28th. Loop Capital lifted their target price on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $70.00 in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $76.79.

SEA Price Performance

SE stock traded up $1.91 during midday trading on Wednesday, reaching $76.76. The company had a trading volume of 5,767,131 shares, compared to its average volume of 5,924,041. The company has a market capitalization of $43.93 billion, a price-to-earnings ratio of 1,534.40 and a beta of 1.51. The stock has a 50 day moving average price of $70.18 and a 200-day moving average price of $61.36. SEA has a 1-year low of $34.35 and a 1-year high of $78.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Equities research analysts expect that SEA will post 0.62 earnings per share for the current year.

Institutional Trading of SEA

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of SEA during the fourth quarter valued at approximately $796,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in SEA by 2.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 857,236 shares of the Internet company based in Singapore’s stock worth $34,718,000 after purchasing an additional 18,976 shares during the period. Mackenzie Financial Corp grew its stake in SEA by 4.4% in the fourth quarter. Mackenzie Financial Corp now owns 21,096 shares of the Internet company based in Singapore’s stock worth $854,000 after purchasing an additional 893 shares during the period. Rakuten Securities Inc. purchased a new stake in SEA in the fourth quarter worth $238,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in SEA by 6.9% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 94,700 shares of the Internet company based in Singapore’s stock worth $3,835,000 after purchasing an additional 6,100 shares during the period. Institutional investors 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.