SEA (NYSE:SE) Upgraded to “Overweight” by Morgan Stanley

Morgan Stanley upgraded shares of SEA (NYSE:SE) from an equal weight rating to an overweight rating in a report published on Monday morning, MarketBeat.com reports. They currently have $70.00 target price on the Internet company based in Singapore’s stock, up from their previous target price of $65.00.

Several other brokerages have also commented on SE. Barclays lifted their price objective on SEA from $59.00 to $68.00 and gave the stock an overweight rating in a report on Tuesday, March 5th. Citigroup raised SEA from a neutral rating to a buy rating and lifted their price objective for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Bank of America raised SEA from a neutral rating to a buy rating and lifted their price objective for the stock from $62.00 to $70.00 in a report on Monday. HSBC lifted their price objective on SEA from $70.00 to $76.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and boosted their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, SEA presently has an average rating of Moderate Buy and a consensus price target of $70.00.

SEA Stock Up 2.0 %

SE stock opened at $63.27 on Monday. SEA has a 1-year low of $34.35 and a 1-year high of $88.39. The business has a fifty day moving average price of $53.44 and a 200-day moving average price of $44.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The stock has a market capitalization of $35.73 billion, a P/E ratio of 263.63 and a beta of 1.50.

SEA (NYSE:SE) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that SEA will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several large investors have recently made changes to their positions in SE. Sunbelt Securities Inc. lifted its position in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. UMB Bank n.a. lifted its position in shares of SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after acquiring an additional 327 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares in the last quarter. Blue Trust Inc. lifted its position in shares of SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of SEA by 90.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after acquiring an additional 485 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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 eSports operations.