SEA (NYSE:SE) Upgraded to “Buy” by Loop Capital

SEA (NYSE:SE) was upgraded by equities researchers at Loop Capital from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a $92.00 target price on the Internet company based in Singapore’s stock, up from their previous target price of $59.00. Loop Capital’s target price would suggest a potential upside of 48.32% from the company’s current price.

A number of other analysts also recently weighed in on SE. Barclays upped their target price on SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. HSBC upped their target price on SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Sanford C. Bernstein upped their target price on SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $70.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

SEA Stock Performance

SE opened at $62.03 on Wednesday. The business has a fifty day simple moving average of $53.04 and a 200 day simple moving average of $44.65. The company has a market capitalization of $35.03 billion, a PE ratio of 258.46 and a beta of 1.50. SEA has a 1 year low of $34.35 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43.

SEA (NYSE:SE) last released its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. Research analysts expect that SEA will post 1.03 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. CWM LLC lifted its holdings in shares of SEA by 162.5% in the third quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore’s stock valued at $189,000 after purchasing an additional 2,666 shares in the last quarter. IFP Advisors Inc increased its position in shares of SEA by 42.7% during the third quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock valued at $96,000 after acquiring an additional 654 shares during the last quarter. ARK Investment Management LLC increased its position in shares of SEA by 7.5% during the third quarter. ARK Investment Management LLC now owns 21,703 shares of the Internet company based in Singapore’s stock valued at $954,000 after acquiring an additional 1,508 shares during the last quarter. Lakehouse Capital Pty Ltd increased its position in shares of SEA by 281.2% during the third quarter. Lakehouse Capital Pty Ltd now owns 112,383 shares of the Internet company based in Singapore’s stock valued at $4,939,000 after acquiring an additional 82,905 shares during the last quarter. Finally, Coronation Fund Managers Ltd. increased its position in shares of SEA by 49.3% during the third quarter. Coronation Fund Managers Ltd. now owns 1,382,844 shares of the Internet company based in Singapore’s stock valued at $60,776,000 after acquiring an additional 456,810 shares during the last quarter. Institutional investors and hedge funds 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 eSports operations.