SEA (NYSE:SE) Price Target Raised to $87.00

SEA (NYSE:SE) had its target price boosted by Benchmark from $78.00 to $87.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Barclays upped their price target on shares of SEA from $68.00 to $85.00 and gave the company an overweight rating in a report on Friday, May 3rd. Morgan Stanley upgraded shares of SEA from an equal weight rating to an overweight rating and upped their price target for the company from $65.00 to $70.00 in a report on Monday, April 22nd. Citigroup upgraded shares of SEA from a neutral rating to a buy rating and upped their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. HSBC upped their price objective on shares of SEA from $70.00 to $76.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Finally, Bank of America raised shares of 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 research report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of Moderate Buy and a consensus price target of $72.73.

SEA Price Performance

NYSE SE opened at $73.74 on Wednesday. The stock has a market capitalization of $42.20 billion, a P/E ratio of 1,474.80 and a beta of 1.43. SEA has a 1 year low of $34.35 and a 1 year high of $74.33. The business’s fifty day moving average is $59.51 and its two-hundred day moving average is $47.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.43 and a current ratio of 1.46.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. SEA’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. On average, research analysts forecast that SEA will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of SEA during the fourth quarter valued at approximately $640,219,000. Baillie Gifford & Co. grew 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 valued at $1,384,427,000 after purchasing an additional 8,045,977 shares during the last quarter. Assenagon Asset Management S.A. grew 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 valued at $107,555,000 after purchasing an additional 2,634,327 shares during the last quarter. Eminence Capital LP bought a new stake in shares of SEA during the fourth quarter valued at approximately $60,714,000. Finally, National Bank of Canada FI grew 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 valued at $73,337,000 after purchasing an additional 1,273,767 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.