SEA’s (SE) Reduce Rating Reiterated at Phillip Securities

Phillip Securities reissued their reduce rating on shares of SEA (NYSE:SE) in a report released on Tuesday morning,Benzinga reports. Phillip Securities currently has a $100.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $80.00.

Several other research analysts have also weighed in on the company. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. JPMorgan Chase & Co. upgraded shares of 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. Finally, Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

Shares of SEA stock opened at $116.31 on Tuesday. SEA has a 52 week low of $34.35 and a 52 week high of $117.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a market capitalization of $66.57 billion, a price-to-earnings ratio of 775.40 and a beta of 1.52. The firm has a fifty day moving average of $96.02 and a two-hundred day moving average of $80.43.

SEA (NYSE:SE) last released 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). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) EPS. As a group, equities research analysts predict that SEA will post 0.8 EPS for the current year.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Avantax Advisory Services Inc. acquired a new stake in SEA in the 1st quarter valued at about $226,000. State Board of Administration of Florida Retirement System boosted its stake in shares of SEA by 11.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock worth $1,161,000 after acquiring an additional 2,150 shares during the period. Intech Investment Management LLC bought a new stake in SEA in the 1st quarter valued at $371,000. Acadian Asset Management LLC lifted its holdings in SEA by 528.3% during the 1st quarter. Acadian Asset Management LLC now owns 9,758 shares of the Internet company based in Singapore’s stock valued at $523,000 after purchasing an additional 8,205 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in SEA during the first quarter worth $565,000. 59.53% of the stock is owned by institutional investors.

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.