SEA (NYSE:SE) Price Target Cut to $170.00 by Analysts at Wedbush

SEA (NYSE:SE) had its price target decreased by Wedbush from $190.00 to $170.00 in a research report sent to investors on Friday morning, Marketbeat Ratings reports. Wedbush currently has an outperform rating on the Internet company based in Singapore’s stock.

SE has been the subject of several other research reports. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. upped their price target on shares of SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Sanford C. Bernstein reduced their price target on shares of SEA from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley set a $209.00 price objective on shares of SEA in a research report on Wednesday, October 22nd. Finally, Barclays upped their target price on SEA from $214.00 to $226.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.61.

SEA Trading Up 1.2%

Shares of SE stock opened at $121.90 on Friday. The stock has a market cap of $71.81 billion, a P/E ratio of 53.47 and a beta of 1.58. SEA has a 1 year low of $99.50 and a 1 year high of $199.30. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $144.64 and a 200 day simple moving average of $161.19.

SEA (NYSE:SE) last announced its quarterly earnings data on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.52). The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. SEA’s revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, research analysts predict that SEA will post 0.74 earnings per share for the current fiscal year.

SEA declared that its board has initiated a share buyback program on Monday, November 17th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the Internet company based in Singapore to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of SE. MAI Capital Management lifted its stake 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 valued at $156,000 after acquiring an additional 82 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in SEA by 1.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock worth $1,033,000 after purchasing an additional 103 shares in the last quarter. Rothschild Investment LLC raised its position in SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 106 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of SEA by 2.3% during the second quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore’s stock valued at $823,000 after purchasing an additional 114 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of SEA by 49.2% during the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock worth $63,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.