SEA (NYSE:SE) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of SEA (NYSE:SE) in a report released on Monday,RTT News reports. The firm currently has a $105.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $84.00. Wedbush also issued estimates for SEA’s Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.03 EPS and FY2025 earnings at $2.20 EPS.

Other analysts also recently issued reports about the stock. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Barclays raised their price target on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Benchmark upped their price objective on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Stock Performance

NYSE:SE opened at $95.71 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a 50-day simple moving average of $91.10 and a two-hundred day simple moving average of $77.68. The firm has a market capitalization of $54.78 billion, a PE ratio of -273.46 and a beta of 1.52. SEA has a 52-week low of $34.35 and a 52-week high of $101.93.

SEA (NYSE:SE) last announced its quarterly earnings data 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). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s revenue was up 23.0% compared to the same quarter last year. Analysts forecast that SEA will post 0.64 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Duquesne Family Office LLC bought a new stake in SEA in the second quarter worth $4,778,000. Robeco Institutional Asset Management B.V. raised its stake in shares of SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after acquiring an additional 7,175 shares during the period. Toronto Dominion Bank lifted its holdings in shares of SEA by 28.2% in the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after acquiring an additional 196,506 shares during the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA during the 3rd quarter worth about $587,544,000. Finally, TB Alternative Assets Ltd. grew its holdings in SEA by 579.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 105,943 shares of the Internet company based in Singapore’s stock valued at $9,988,000 after purchasing an additional 90,343 shares during the last quarter. 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.