SEA (NYSE:SE) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SEA (NYSE:SE) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Several other analysts also recently commented on SE. Sanford C. Bernstein reduced their price objective on SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Zacks Research raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Wedbush upped their price objective on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Bank of America raised SEA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $206.00 to $215.00 in a research note on Thursday, October 16th. Finally, Benchmark raised their price target on SEA from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.66.

SEA Stock Down 0.4%

SEA stock opened at $159.52 on Friday. The stock has a 50-day simple moving average of $181.58 and a 200-day simple moving average of $162.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $93.98 billion, a P/E ratio of 82.65 and a beta of 1.54. SEA has a fifty-two week low of $92.50 and a fifty-two week high of $199.30.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. Equities research analysts expect that SEA will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently modified their holdings of the company. MAI Capital Management grew its holdings in shares of SEA by 7.3% in the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore’s stock worth $156,000 after acquiring an additional 82 shares during the period. Pacer Advisors Inc. grew its holdings in shares of SEA by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore’s stock worth $402,000 after acquiring an additional 87 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 100 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of SEA by 2.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore’s stock worth $823,000 after acquiring an additional 114 shares during the period. Finally, Greenleaf Trust grew its holdings in shares of SEA by 2.8% in the 1st quarter. Greenleaf Trust now owns 4,210 shares of the Internet company based in Singapore’s stock worth $549,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.