SEA (NYSE:SE) Given Outperform Rating at Wedbush

SEA (NYSE:SE)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a report issued on Tuesday, RTT News reports. They currently have a $84.00 price target on the Internet company based in Singapore’s stock, up from their previous price target of $76.00. Wedbush’s price target points to a potential upside of 12.22% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. Loop Capital raised their target price on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $78.00 price objective (down previously from $84.00) on shares of SEA in a report on Tuesday, June 25th. Dbs Bank reiterated a “hold” rating and set a $75.00 target price on shares of SEA in a research note on Friday, June 28th. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a research note on Monday, April 22nd. Finally, TD Cowen increased their price objective on SEA from $52.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.57.

SEA Stock Performance

NYSE:SE traded up $7.93 on Tuesday, hitting $74.85. The company’s stock had a trading volume of 16,242,599 shares, compared to its average volume of 5,926,535. SEA has a one year low of $34.35 and a one year high of $76.60. The firm has a market capitalization of $42.84 billion, a P/E ratio of 1,497.00 and a beta of 1.51. The stock has a fifty day moving average of $70.08 and a two-hundred day moving average of $61.11. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43.

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 for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company posted $0.15 EPS. The firm’s revenue was up 22.8% on a year-over-year basis. Research analysts predict that SEA will post 0.62 earnings per share for the current year.

Institutional Trading of SEA

Several hedge funds have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new position in SEA during the 2nd quarter valued at about $32,000. GAMMA Investing LLC grew its holdings in SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares in the last quarter. 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 worth $47,000 after buying an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in SEA by 38.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 394 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 528 shares in 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.