Bank of America Raises SEA (NYSE:SE) Price Target to $96.00

SEA (NYSE:SE) had its price objective hoisted by Bank of America from $84.00 to $96.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

A number of other research firms have also issued reports on SE. Citigroup dropped their target price on SEA from $81.00 to $80.00 and set a buy rating on the stock in a report on Tuesday, July 23rd. Wedbush reaffirmed an outperform rating and set a $84.00 price objective (up previously from $76.00) on shares of SEA in a report on Tuesday, August 13th. Loop Capital upped their price objective on SEA from $92.00 to $94.00 and gave the stock a buy rating in a report on Monday, June 10th. JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and upped their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, TD Cowen upped their price objective on SEA from $64.00 to $69.00 and gave the stock a hold rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $80.92.

SEA Trading Up 0.9 %

NYSE:SE opened at $94.83 on Monday. The firm has a market cap of $54.28 billion, a P/E ratio of 1,896.60 and a beta of 1.51. 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’s 50 day simple moving average is $75.71 and its 200-day simple moving average is $69.08. SEA has a 12-month low of $34.35 and a 12-month high of $96.09.

SEA (NYSE:SE) last released its 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). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Equities analysts anticipate that SEA will post 0.64 EPS for the current year.

Institutional Trading of SEA

Institutional investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of SEA by 15.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,290 shares of the Internet company based in Singapore’s stock valued at $255,000 after acquiring an additional 840 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SEA in the fourth quarter valued at $337,000. EverSource Wealth Advisors LLC lifted its position in shares of SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 394 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of SEA by 11.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after acquiring an additional 420,802 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of SEA by 42.7% in the fourth quarter. Parallel Advisors LLC now owns 4,195 shares of the Internet company based in Singapore’s stock valued at $170,000 after acquiring an additional 1,256 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

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.