SEA (NYSE:SE) Downgraded to Hold Rating by Zacks Research

SEA (NYSE:SE) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Sanford C. Bernstein cut their price target on SEA from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. TD Cowen dropped their target price on SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday. Macquarie reiterated an “outperform” rating and issued a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Barclays boosted their price target on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Finally, Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $206.00 to $215.00 in a report on Thursday, October 16th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $186.59.

SEA Trading Up 0.8%

SEA stock opened at $143.40 on Tuesday. SEA has a 1 year low of $99.50 and a 1 year high of $199.30. The firm’s 50-day moving average is $174.89 and its 200-day moving average is $165.05. 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 cap of $84.48 billion, a P/E ratio of 62.89 and a beta of 1.55.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a net margin of 6.80% and a return on equity of 15.69%. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the prior year, the company earned $0.24 EPS. SEA’s quarterly revenue was up 38.3% on a year-over-year basis. On average, equities analysts expect that SEA will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SE. Zurich Insurance Group Ltd FI lifted its holdings in SEA by 4.7% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore’s stock valued at $23,071,000 after acquiring an additional 7,870 shares during the last quarter. Plato Investment Management Ltd grew its stake in shares of SEA by 30.4% in the 1st quarter. Plato Investment Management Ltd now owns 9,192 shares of the Internet company based in Singapore’s stock worth $1,212,000 after purchasing an additional 2,141 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of SEA by 309.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore’s stock worth $280,000 after purchasing an additional 1,622 shares in the last quarter. Intech Investment Management LLC lifted its stake in SEA by 60.5% during the first quarter. Intech Investment Management LLC now owns 19,669 shares of the Internet company based in Singapore’s stock valued at $2,567,000 after purchasing an additional 7,413 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in SEA by 14.7% during the first quarter. NewEdge Advisors LLC now owns 16,358 shares of the Internet company based in Singapore’s stock worth $2,135,000 after buying an additional 2,092 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.