SEA (NYSE:SE) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of SEA (NYSE:SE) in a report released on Monday morning, RTT News reports. The brokerage currently has a $105.00 price objective on the Internet company based in Singapore’s stock, up from their previous price objective of $84.00.

A number of other equities research analysts also recently weighed in on SE. TD Cowen upped their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Benchmark boosted their price objective on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Barclays boosted their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.54.

SEA Price Performance

Shares of NYSE SE opened at $95.36 on Monday. SEA has a twelve month low of $34.35 and a twelve month high of $101.93. 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 company has a market capitalization of $54.58 billion, a price-to-earnings ratio of -272.46 and a beta of 1.52. The firm has a 50-day moving average of $90.73 and a two-hundred day moving average of $77.56.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share 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 analyst estimates of $3.73 billion. During the same period in the previous year, the company posted $0.54 earnings per share. SEA’s revenue was up 23.0% compared to the same quarter last year. As a group, analysts expect that SEA will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Large investors have recently made changes to their positions in the business. Rosenberg Matthew Hamilton raised its position in 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. acquired a new position in SEA during the second quarter valued at approximately $32,000. Hexagon Capital Partners LLC grew its holdings in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. Canton Hathaway LLC grew its holdings in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in SEA by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after purchasing an additional 468 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.