SEA (NYSE:SE) Given New $100.00 Price Target at TD Cowen

SEA (NYSE:SE) had its price objective hoisted by stock analysts at TD Cowen from $69.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the Internet company based in Singapore’s stock. TD Cowen’s price target indicates a potential downside of 6.32% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Barclays increased their price target on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Benchmark upped their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Citigroup lowered their price target on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $87.69.

SEA Price Performance

SEA stock traded down $0.90 during mid-day trading on Wednesday, hitting $106.75. The company’s stock had a trading volume of 3,400,189 shares, compared to its average volume of 5,402,720. The stock has a market capitalization of $61.10 billion, a P/E ratio of 712.80 and a beta of 1.52. The stock’s fifty day moving average price is $92.39 and its two-hundred day moving average price is $78.69. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. SEA has a twelve month low of $34.35 and a twelve month high of $117.52.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.47%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the business posted ($0.26) EPS. Research analysts forecast that SEA will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of SEA during the 2nd quarter valued at approximately $32,000. Truvestments Capital LLC purchased a new position in shares of SEA in the 3rd quarter worth approximately $41,000. Hexagon Capital Partners LLC increased its stake in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the period. Finally, Icon Wealth Advisors LLC bought a new position in SEA in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.