SEA (NYSE:SE) Given "Outperform" Rating at Wedbush

SEA (NYSE:SE - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Wedbush in a research report issued on Monday, RTT News reports. They presently have a $105.00 price objective on the Internet company based in Singapore's stock, up from their previous price objective of $84.00. Wedbush's price target indicates a potential upside of 10.31% from the stock's current price.

Several other research analysts have also commented on SE. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Benchmark increased their price objective on shares of SEA from $87.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Barclays lifted their target price on shares of SEA from $87.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Finally, TD Cowen upped their price target on shares of SEA from $64.00 to $69.00 and gave the stock a "hold" rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.54.

SEA Price Performance

Shares of SEA stock traded down $0.19 during mid-day trading on Monday, reaching $95.19. 2,125,888 shares of the stock were exchanged, compared to its average volume of 5,413,267. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $54.48 billion, a price-to-earnings ratio of -271.97 and a beta of 1.52. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $101.93. The firm has a 50-day simple moving average of $89.93 and a 200 day simple moving average of $76.87.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm's quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, sell-side analysts predict that SEA will post 0.64 EPS for the current fiscal year.

Institutional Trading of SEA

Several institutional investors have recently made changes to their positions in the business. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in SEA in the 2nd quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its stake in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after purchasing an additional 253 shares during the period. Canton Hathaway LLC grew its holdings in SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after acquiring an additional 200 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of SEA by 34.5% in the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock valued at $98,000 after buying an additional 468 shares during the last quarter. Hedge funds and other 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.

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