SEA (NYSE:SE) Given New $72.00 Price Target at Wedbush

SEA (NYSE:SEFree Report) had its price objective hoisted by Wedbush from $45.00 to $72.00 in a report released on Tuesday, Benzinga reports. The firm currently has an outperform rating on the Internet company based in Singapore’s stock.

Several other equities research analysts have also recently commented on SE. Benchmark dropped their price objective on SEA from $95.00 to $65.00 and set a buy rating on the stock in a research report on Wednesday, November 15th. Daiwa Capital Markets raised SEA from a neutral rating to a buy rating in a research report on Friday, February 2nd. Citigroup raised SEA from a neutral rating to a buy rating and raised their price objective for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Morgan Stanley downgraded SEA from an overweight rating to an equal weight rating in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and raised their price objective for the stock from $43.00 to $70.00 in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $67.57.

Check Out Our Latest Report on SE

SEA Trading Down 2.7 %

NYSE SE opened at $57.72 on Tuesday. SEA has a 12 month low of $34.35 and a 12 month high of $88.84. The stock has a market cap of $32.60 billion, a P/E ratio of 240.50 and a beta of 1.50. The stock’s fifty day moving average price is $42.70 and its 200-day moving average price is $40.95. The company has a current ratio of 1.44, a quick ratio of 1.69 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SEGet Free Report) last released its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that SEA will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Norges Bank bought a new position in shares of SEA in the 4th quarter worth $640,219,000. Baillie Gifford & Co. increased its position in SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after buying an additional 8,045,977 shares in the last quarter. Charles Lim Capital Ltd increased its position in SEA by 150.0% during the 2nd quarter. Charles Lim Capital Ltd now owns 5,000,000 shares of the Internet company based in Singapore’s stock valued at $290,200,000 after buying an additional 2,999,800 shares in the last quarter. Assenagon Asset Management S.A. increased its position in SEA by 12,344.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after buying an additional 2,634,327 shares in the last quarter. Finally, Capital International Investors increased its position in SEA by 92.1% during the 1st quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore’s stock valued at $409,473,000 after buying an additional 1,638,408 shares in the last quarter. 72.05% of the stock is owned by institutional investors.

About SEA

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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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Analyst Recommendations for SEA (NYSE:SE)

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