Research Analysts Issue Forecasts for SEA Q3 Earnings

Sea Limited (NYSE:SE - Free Report) - Equities research analysts at Wedbush increased their Q3 2024 earnings per share estimates for shares of SEA in a research report issued to clients and investors on Monday, November 4th. Wedbush analyst S. Devitt now forecasts that the Internet company based in Singapore will earn $0.42 per share for the quarter, up from their prior estimate of $0.33. Wedbush has a "Outperform" rating and a $105.00 price objective on the stock. The consensus estimate for SEA's current full-year earnings is $0.64 per share. Wedbush also issued estimates for SEA's Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.03 EPS and FY2025 earnings at $2.20 EPS.

SE has been the topic of a number of other reports. Citigroup lowered their price target 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 boosted their target price on shares of SEA from $87.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. TD Cowen raised their target price on SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a research report on Wednesday, August 14th. Benchmark lifted 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. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $82.54.

SEA Stock Performance

SE traded up $0.34 on Thursday, reaching $95.71. The company had a trading volume of 2,898,407 shares, compared to its average volume of 5,371,460. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $101.93. The company's fifty day moving average is $90.73 and its 200 day moving average is $77.56. 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 market cap of $54.78 billion, a P/E ratio of -272.46 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last announced 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 return on equity of 2.92% and a negative net margin of 1.36%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm earned $0.54 EPS. SEA's quarterly revenue was up 23.0% compared to the same quarter last year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Duquesne Family Office LLC bought a new position in shares of SEA in the second quarter valued at approximately $4,778,000. Toronto Dominion Bank raised its position in SEA by 28.2% in the second 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 period. Robeco Institutional Asset Management B.V. boosted its stake in 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 last quarter. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the 3rd quarter worth approximately $587,544,000. Finally, TB Alternative Assets Ltd. increased its stake in shares of 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 worth $9,988,000 after purchasing an additional 90,343 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.