SEA (NYSE:SE) Upgraded to “Strong-Buy” at Dbs Bank

Dbs Bank upgraded shares of SEA (NYSE:SE) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Barclays upped their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $90.54.

SEA Trading Down 0.4 %

Shares of SEA stock opened at $102.94 on Wednesday. The firm has a market capitalization of $58.92 billion, a price-to-earnings ratio of 686.27 and a beta of 1.52. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. The stock has a 50 day moving average of $93.93 and a 200 day moving average of $79.43.

SEA (NYSE:SE) last issued its quarterly earnings data 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 business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.26) earnings per share. As a group, research analysts predict that SEA will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Avantax Advisory Services Inc. purchased a new position in shares of SEA during the first quarter worth about $226,000. State Board of Administration of Florida Retirement System lifted its position in SEA by 11.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock valued at $1,161,000 after purchasing an additional 2,150 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in SEA by 18.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock valued at $10,862,000 after purchasing an additional 31,470 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in SEA in the first quarter valued at about $1,638,000. Finally, Intech Investment Management LLC acquired a new stake in SEA in the first quarter valued at about $371,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.