SEA (NYSE:SE) Stock Rating Reaffirmed by Wedbush

SEA (NYSE:SE)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a report released on Tuesday, RTT News reports. They presently have a $84.00 price target on the Internet company based in Singapore’s stock, up from their prior price target of $76.00. Wedbush’s target price suggests a potential upside of 12.22% from the stock’s current price.

SE has been the subject of several other research reports. Bank of America upped their price target on shares of SEA from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Benchmark increased their target price on SEA from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Barclays lifted their target price on SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Citigroup cut their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $78.00 target price (down previously from $84.00) on shares of SEA in a research note on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $74.57.

SEA Trading Up 11.8 %

NYSE:SE traded up $7.93 on Tuesday, reaching $74.85. The stock had a trading volume of 16,242,599 shares, compared to its average volume of 5,926,535. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 1,497.00 and a beta of 1.51. SEA has a 12-month low of $34.35 and a 12-month high of $76.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. The firm’s fifty day moving average is $70.08 and its two-hundred day moving average is $61.11.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. Equities analysts expect that SEA will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of SEA during the fourth quarter valued at approximately $640,219,000. Eminence Capital LP acquired a new position in SEA during the fourth quarter valued at $60,714,000. National Bank of Canada FI lifted its stake in SEA by 201.0% in the 4th quarter. National Bank of Canada FI now owns 1,907,333 shares of the Internet company based in Singapore’s stock worth $73,337,000 after acquiring an additional 1,273,767 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in SEA during the 1st quarter worth about $60,171,000. Finally, Los Angeles Capital Management LLC grew its stake in SEA by 10,373.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock valued at $73,971,000 after acquiring an additional 1,025,833 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.