Stifel Nicolaus Cuts SEA (NYSE:SE) Price Target to $300.00

SEA (NYSE:SE) had its price objective lowered by Stifel Nicolaus from $400.00 to $300.00 in a report released on Wednesday morning, The Fly reports.

A number of other brokerages have also weighed in on SE. Zacks Investment Research lowered SEA from a hold rating to a sell rating in a research note on Saturday, November 20th. Cowen lifted their price target on SEA from $355.00 to $375.00 and gave the company an outperform rating in a report on Monday, November 15th. UBS Group upped their price objective on shares of SEA from $350.00 to $380.00 and gave the company a buy rating in a research note on Wednesday, November 17th. DZ Bank initiated coverage on shares of SEA in a research report on Wednesday, September 29th. They issued a buy rating and a $400.00 target price on the stock. Finally, Bank of America raised shares of SEA from a neutral rating to a buy rating and dropped their price target for the stock from $385.00 to $287.00 in a research report on Monday, January 3rd. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $351.00.

Shares of SE stock opened at $175.03 on Wednesday. The company has a market capitalization of $94.43 billion, a price-to-earnings ratio of -46.43 and a beta of 1.26. The company has a current ratio of 2.49, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $252.36 and a 200 day moving average price of $294.24. SEA has a twelve month low of $168.00 and a twelve month high of $372.70.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 16th. The Internet company based in Singapore reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.16). The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.48 billion. SEA had a negative return on equity of 42.71% and a negative net margin of 23.51%. The business’s quarterly revenue was up 121.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.87) earnings per share. As a group, research analysts predict that SEA will post -3.86 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Bruderman Asset Management LLC boosted its holdings in SEA by 4.2% in the 3rd quarter. Bruderman Asset Management LLC now owns 785 shares of the Internet company based in Singapore’s stock worth $250,000 after acquiring an additional 32 shares during the period. 4J Wealth Management LLC lifted its position in shares of SEA by 0.9% during the third quarter. 4J Wealth Management LLC now owns 3,633 shares of the Internet company based in Singapore’s stock worth $1,158,000 after purchasing an additional 33 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of SEA by 0.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 8,385 shares of the Internet company based in Singapore’s stock valued at $2,673,000 after purchasing an additional 34 shares during the period. Harbour Capital Advisors LLC grew its holdings in SEA by 1.0% during the 3rd quarter. Harbour Capital Advisors LLC now owns 3,706 shares of the Internet company based in Singapore’s stock valued at $1,181,000 after purchasing an additional 35 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. increased its stake in SEA by 4.3% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 975 shares of the Internet company based in Singapore’s stock worth $311,000 after buying an additional 40 shares during the period. 52.75% of the stock is owned by hedge funds and other institutional investors.

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.

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