SEA (NYSE:SE) had its target price lifted by Stifel Nicolaus from $44.00 to $45.00 in a report issued on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the Internet company based in Singapore’s stock.
SE has been the topic of a number of other reports. Goldman Sachs Group upgraded SEA from a neutral rating to a buy rating in a research note on Tuesday, August 13th. Credit Suisse Group set a $43.00 price objective on SEA and gave the company a buy rating in a research note on Thursday, July 4th. Piper Jaffray Companies boosted their price objective on SEA from $43.00 to $49.00 and gave the company an overweight rating in a research note on Tuesday, August 20th. Zacks Investment Research upgraded SEA from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. began coverage on SEA in a research note on Wednesday, June 12th. They set an overweight rating and a $36.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. SEA currently has an average rating of Buy and an average target price of $41.67.
Shares of NYSE SE opened at $30.87 on Wednesday. SEA has a one year low of $10.52 and a one year high of $38.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 2.25. The business’s fifty day moving average price is $35.18 and its 200-day moving average price is $27.43. The stock has a market capitalization of $10.43 billion, a PE ratio of -10.43 and a beta of 1.32.
SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 20th. The Internet company based in Singapore reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.16. SEA had a negative return on equity of 158.33% and a negative net margin of 114.88%. The firm had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $615.76 million. During the same quarter in the prior year, the firm earned ($0.94) EPS. The business’s revenue for the quarter was up 132.6% compared to the same quarter last year. As a group, equities analysts expect that SEA will post -3.11 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of SEA by 119.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,635,427 shares of the Internet company based in Singapore’s stock valued at $220,429,000 after purchasing an additional 3,615,393 shares during the period. Ward Ferry Management BVI Ltd increased its stake in SEA by 6.5% in the 1st quarter. Ward Ferry Management BVI Ltd now owns 6,249,868 shares of the Internet company based in Singapore’s stock worth $146,997,000 after acquiring an additional 379,200 shares during the last quarter. Morgan Stanley increased its stake in SEA by 45.2% in the 2nd quarter. Morgan Stanley now owns 3,821,778 shares of the Internet company based in Singapore’s stock worth $126,960,000 after acquiring an additional 1,189,446 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in SEA in the 1st quarter worth about $75,670,000. Finally, Senator Investment Group LP increased its stake in SEA by 91.1% in the 2nd quarter. Senator Investment Group LP now owns 3,000,000 shares of the Internet company based in Singapore’s stock worth $99,660,000 after acquiring an additional 1,430,000 shares during the last quarter. Institutional investors own 59.58% of the company’s stock.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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