Bank of America Raises SEA (NYSE:SE) Price Target to $96.00

SEA (NYSE:SE) had its price objective increased by Bank of America from $84.00 to $96.00 in a research report sent to investors on Monday morning, Benzinga reports. Bank of America currently has a buy rating on the Internet company based in Singapore’s stock.

SE has been the subject of a number of other reports. TD Cowen raised their price objective on SEA from $64.00 to $69.00 and gave the stock a hold rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and lifted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark lifted their target price on SEA from $87.00 to $94.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Citigroup dropped their target price on SEA from $81.00 to $80.00 and set a buy rating for the company in a research report on Tuesday, July 23rd. Finally, Loop Capital lifted their target price on SEA from $92.00 to $94.00 and gave the company a buy rating in a research report on Monday, June 10th. Three 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.com, SEA presently has a consensus rating of Moderate Buy and a consensus target price of $80.92.

SEA Stock Up 0.9 %

Shares of SE opened at $94.83 on Monday. SEA has a 52-week low of $34.35 and a 52-week high of $96.09. The company has a market capitalization of $54.28 billion, a PE ratio of 1,896.60 and a beta of 1.51. The stock has a fifty day simple moving average of $75.71 and a two-hundred day simple moving average of $69.08. 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 issued 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 business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts forecast that SEA will post 0.64 EPS for the current year.

Institutional Investors Weigh In On SEA

Several institutional investors have recently added to or reduced their stakes in the business. Canton Hathaway LLC lifted its stake in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after purchasing an additional 200 shares during the last quarter. Gulf International Bank UK Ltd increased its position in SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares during the period. Parallel Advisors LLC increased its position in SEA by 5.2% during the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after buying an additional 250 shares during the period. Hexagon Capital Partners LLC increased its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares during the period. Finally, GAMMA Investing LLC increased its position in SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares during the period. Hedge funds and other 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.