SEA (NYSE:SE) PT Raised to $43.00

SEA (NYSE:SEFree Report) had its target price raised by JPMorgan Chase & Co. from $40.00 to $43.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the Internet company based in Singapore’s stock.

Other research analysts have also recently issued research reports about the company. Benchmark dropped their price target on SEA from $95.00 to $65.00 and set a buy rating on the stock in a report on Wednesday, November 15th. Citigroup raised SEA from a neutral rating to a buy rating and upped their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Morgan Stanley cut SEA from an overweight rating to an equal weight rating in a report on Monday, December 4th. Finally, Daiwa Capital Markets raised SEA from a neutral rating to a buy rating in a report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $68.14.

Read Our Latest Research Report on SEA

SEA Price Performance

Shares of NYSE:SE opened at $53.91 on Friday. SEA has a 12 month low of $34.35 and a 12 month high of $88.84. The stock has a market cap of $30.45 billion, a price-to-earnings ratio of 46.88 and a beta of 1.50. The stock’s 50 day moving average price is $40.95 and its 200 day moving average price is $40.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.70 and a quick ratio of 1.69.

SEA (NYSE:SEGet Free Report) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 11.14% and a net margin of 5.44%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm earned $0.72 EPS. SEA’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that SEA will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of SEA by 16.4% in the 2nd quarter. IFP Advisors Inc now owns 1,531 shares of the Internet company based in Singapore’s stock valued at $25,000 after buying an additional 216 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in SEA by 204.8% in the 2nd 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 last quarter. Sunbelt Securities Inc. lifted its stake in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. lifted its stake in SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new position in SEA in the 2nd quarter valued at approximately $33,000. 72.05% of the stock is currently owned by institutional investors and hedge funds.

About SEA

(Get Free Report)

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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