SEA (NYSE:SE) PT Raised to $78.00 at Benchmark

SEA (NYSE:SEFree Report) had its target price lifted by Benchmark from $65.00 to $78.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

SE has been the topic of several other reports. Daiwa Capital Markets upgraded SEA from a neutral rating to a buy rating in a research report on Friday, February 2nd. HSBC raised their price target on SEA from $70.00 to $76.00 and gave the stock a buy rating in a research report on Tuesday. Sanford C. Bernstein increased their price objective on SEA from $50.00 to $60.00 and gave the stock an outperform rating in a report on Tuesday. Barclays increased their price objective on SEA from $59.00 to $68.00 and gave the stock an overweight rating in a report on Tuesday. Finally, Bank of America increased their price objective on SEA from $46.00 to $55.00 and gave the stock a neutral rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $67.57.

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SEA Price Performance

Shares of SEA stock opened at $57.72 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.69 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $32.60 billion, a PE ratio of 240.50 and a beta of 1.50. The business’s 50-day moving average price is $42.70 and its 200-day moving average price is $40.95. SEA has a 12 month low of $34.35 and a 12 month high of $88.84.

SEA (NYSE:SEGet Free Report) last posted its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. SEA’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that SEA will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Syon Capital LLC purchased a new position in SEA during the fourth quarter valued at $357,000. Virtu Financial LLC purchased a new position in SEA during the fourth quarter valued at $1,440,000. Vancity Investment Management Ltd raised its stake in SEA by 3.7% during the fourth quarter. Vancity Investment Management Ltd now owns 74,296 shares of the Internet company based in Singapore’s stock valued at $3,009,000 after buying an additional 2,640 shares during the last quarter. O Dell Group LLC purchased a new position in SEA during the fourth quarter valued at $56,000. Finally, Sylebra Capital LLC purchased a new position in SEA during the fourth quarter valued at $60,669,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.

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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