SEA (NYSE:SE) had its price objective raised by Cowen from $77.00 to $150.00 in a research note published on Monday morning, The Fly reports. The firm currently has an outperform rating on the Internet company based in Singapore’s stock.
SE has been the topic of several other reports. Stephens assumed coverage on SEA in a report on Tuesday, June 30th. They set an overweight rating on the stock. Macquarie initiated coverage on SEA in a research note on Thursday, August 13th. They issued an underperform rating on the stock. Piper Sandler raised their target price on SEA from $62.00 to $73.00 and gave the company an overweight rating in a research note on Tuesday, May 19th. ValuEngine downgraded shares of SEA from a buy rating to a hold rating in a report on Thursday, July 2nd. Finally, CIMB Group Holdings Bhd began coverage on shares of SEA in a research note on Friday, August 14th. They issued a $152.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. SEA has an average rating of Buy and an average price target of $98.91.
SEA stock traded down $3.49 during trading on Monday, reaching $149.15. The company had a trading volume of 62,159 shares, compared to its average volume of 4,567,068. SEA has a 12-month low of $26.41 and a 12-month high of $154.25. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.65 and a current ratio of 1.76. The stock’s 50 day moving average price is $121.07 and its two-hundred day moving average price is $76.51. The firm has a market capitalization of $49.24 billion, a price-to-earnings ratio of -61.80 and a beta of 1.38.
SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 18th. The Internet company based in Singapore reported ($0.68) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.27). SEA had a negative net margin of 39.03% and a negative return on equity of 107.94%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned ($0.52) EPS. The firm’s revenue for the quarter was up 93.5% compared to the same quarter last year. As a group, research analysts expect that SEA will post -2.99 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. First Trust Advisors LP bought a new position in shares of SEA during the 1st quarter worth about $301,000. Raymond James & Associates grew its holdings in shares of SEA by 304.6% during the first quarter. Raymond James & Associates now owns 69,748 shares of the Internet company based in Singapore’s stock worth $3,091,000 after purchasing an additional 52,510 shares during the last quarter. Deltec Asset Management LLC increased its stake in shares of SEA by 65.7% in the first quarter. Deltec Asset Management LLC now owns 59,250 shares of the Internet company based in Singapore’s stock valued at $2,625,000 after buying an additional 23,500 shares in the last quarter. Altium Wealth Management LLC bought a new position in shares of SEA in the first quarter valued at about $387,000. Finally, Synovus Financial Corp bought a new position in shares of SEA in the first quarter valued at about $27,000. 68.72% of the stock is owned by hedge funds and other institutional investors.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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