SEA (NYSE:SE) Given “Outperform” Rating at Wedbush

SEA (NYSE:SEGet Free Report)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research note issued on Tuesday, Benzinga reports. They currently have a $72.00 price objective on the Internet company based in Singapore’s stock. Wedbush’s target price would indicate a potential upside of 11.70% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Benchmark reiterated a “buy” rating and issued a $78.00 price objective on shares of SEA in a report on Monday, May 6th. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $70.00 in a report on Monday, April 22nd. Finally, HSBC upped their price objective on SEA from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.21.

Check Out Our Latest Analysis on SEA

SEA Price Performance

Shares of NYSE SE opened at $64.46 on Tuesday. The firm has a market cap of $36.89 billion, a PE ratio of 268.58 and a beta of 1.43. The firm has a fifty day moving average of $58.55 and a 200 day moving average of $46.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. SEA has a one year low of $34.35 and a one year high of $88.39.

SEA (NYSE:SEGet Free Report) last released its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company earned $0.15 EPS. SEA’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, research analysts predict that SEA will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Norges Bank acquired a new stake in shares of SEA during the fourth quarter worth about $640,219,000. Baillie Gifford & Co. boosted its stake in shares of SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after buying an additional 8,045,977 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after buying an additional 2,634,327 shares during the period. Eminence Capital LP acquired a new stake in shares of SEA during the fourth quarter worth about $60,714,000. Finally, National Bank of Canada FI boosted its stake in shares of SEA by 201.0% during the fourth quarter. National Bank of Canada FI now owns 1,907,333 shares of the Internet company based in Singapore’s stock worth $73,337,000 after buying an additional 1,273,767 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

(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 promotes eSports operations.

Further Reading

Analyst Recommendations for SEA (NYSE:SE)

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