TD Cowen Increases SEA (NYSE:SE) Price Target to $100.00

SEA (NYSE:SE) had its price target boosted by equities research analysts at TD Cowen from $69.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the Internet company based in Singapore’s stock. TD Cowen’s target price would suggest a potential downside of 6.32% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Benchmark lifted their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Bank of America boosted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $66.00 to $90.00 in a report 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.69.

SEA Stock Down 0.8 %

NYSE:SE traded down $0.90 during trading hours on Wednesday, reaching $106.75. The company’s stock had a trading volume of 3,400,189 shares, compared to its average volume of 5,402,720. The company has a market capitalization of $61.10 billion, a P/E ratio of 712.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. SEA has a 12 month low of $34.35 and a 12 month high of $117.52. The stock has a 50 day moving average price of $92.39 and a two-hundred day moving average price of $78.69.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.47%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business earned ($0.26) earnings per share. SEA’s revenue was up 30.8% on a year-over-year basis. Equities analysts predict that SEA will post 0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently made changes to their positions in SE. Tree Line Advisors Hong Kong Ltd. grew its position in shares of SEA by 13.9% during the 3rd quarter. Tree Line Advisors Hong Kong Ltd. now owns 1,230,000 shares of the Internet company based in Singapore’s stock worth $115,964,000 after purchasing an additional 150,000 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of SEA by 2.2% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 98,747 shares of the Internet company based in Singapore’s stock worth $9,310,000 after acquiring an additional 2,135 shares during the period. West Tower Group LLC boosted its position in shares of SEA by 100.0% during the 3rd quarter. West Tower Group LLC now owns 3,000 shares of the Internet company based in Singapore’s stock worth $283,000 after acquiring an additional 1,500 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in SEA by 14.1% during the third quarter. The Manufacturers Life Insurance Company now owns 1,251,596 shares of the Internet company based in Singapore’s stock worth $118,000,000 after purchasing an additional 154,718 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in SEA by 4.1% in the third quarter. Bank of Montreal Can now owns 144,111 shares of the Internet company based in Singapore’s stock valued at $13,591,000 after buying an additional 5,648 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.