SEA (NYSE:SE) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of SEA (NYSE:SE) in a research note issued to investors on Monday, RTT News reports. They currently have a $105.00 price objective on the Internet company based in Singapore’s stock, up from their prior price objective of $84.00.

A number of other equities analysts have also issued reports on the stock. TD Cowen upped their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Benchmark increased their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Citigroup lowered their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Barclays upped their price target on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.54.

SEA Trading Down 0.2 %

Shares of SE opened at $95.19 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $89.93 and a two-hundred day moving average price of $76.87. SEA has a 52-week low of $34.35 and a 52-week high of $101.93.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts forecast that SEA will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently bought and sold shares of the company. Apollon Wealth Management LLC increased its position in shares of SEA by 9.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 33,342 shares of the Internet company based in Singapore’s stock valued at $3,143,000 after buying an additional 2,763 shares in the last quarter. WCM Investment Management LLC grew its stake in SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. FDx Advisors Inc. acquired a new position in SEA in the third quarter valued at about $783,000. Venturi Wealth Management LLC increased its holdings in shares of SEA by 7,589.7% in the third quarter. Venturi Wealth Management LLC now owns 5,229 shares of the Internet company based in Singapore’s stock worth $493,000 after acquiring an additional 5,161 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of SEA by 6.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 157,762 shares of the Internet company based in Singapore’s stock worth $14,874,000 after purchasing an additional 9,800 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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.