A number of other equities research analysts have also recently commented on SE. Benchmark lowered their target price on SEA from $95.00 to $65.00 and set a buy rating on the stock in a report on Wednesday, November 15th. Citigroup upgraded SEA from a neutral rating to a buy rating and increased their target price for the company from $44.00 to $50.00 in a report on Thursday. Finally, Morgan Stanley cut SEA from an overweight rating to an equal weight rating in a report on Monday, December 4th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of Moderate Buy and a consensus target price of $68.29.
SEA Price Performance
SEA (NYSE:SE – Get Free Report) last announced its earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.17 billion. SEA had a net margin of 5.44% and a return on equity of 11.14%. SEA’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted ($1.02) EPS. On average, analysts forecast that SEA will post 0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in SEA by 135.7% in the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares during the last quarter. Geneos Wealth Management Inc. raised its position in SEA by 204.8% in the second quarter. Geneos Wealth Management Inc. now owns 506 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 340 shares during the period. Laffer Tengler Investments purchased a new position in SEA in the first quarter valued at about $66,000. Tyler Stone Wealth Management purchased a new position in SEA in the second quarter valued at about $33,000. Finally, Pinnacle Holdings LLC purchased a new position in SEA in the first quarter valued at about $68,000. Institutional investors and hedge funds own 72.05% of the company’s stock.
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.
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