SEA (NYSE:SE) Receives "Reduce" Rating from Phillip Securities

SEA (NYSE:SE - Get Free Report)'s stock had its "reduce" rating reaffirmed by equities researchers at Phillip Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $100.00 price objective on the Internet company based in Singapore's stock, up from their prior price objective of $80.00. Phillip Securities' price objective would indicate a potential downside of 11.54% from the company's current price.

A number of other brokerages have also recently weighed in on SE. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Wedbush reaffirmed an "outperform" rating and set a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Citigroup reduced their target price on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Finally, Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.21.

SEA Stock Up 4.1 %

NYSE SE traded up $4.41 during trading hours on Tuesday, hitting $113.04. The company had a trading volume of 4,093,403 shares, compared to its average volume of 5,410,179. The firm's 50 day moving average is $94.57 and its 200 day moving average is $79.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 723.87 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the company earned ($0.26) earnings per share. The business's quarterly revenue was up 30.8% on a year-over-year basis. Sell-side analysts anticipate that SEA will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently bought and sold shares of the stock. Avantax Advisory Services Inc. acquired a new stake in SEA in the 1st quarter worth about $226,000. State Board of Administration of Florida Retirement System grew its position in SEA by 11.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore's stock worth $1,161,000 after buying an additional 2,150 shares in the last quarter. Intech Investment Management LLC acquired a new position in SEA in the 1st quarter valued at $371,000. Acadian Asset Management LLC lifted its position in shares of SEA by 528.3% during the 1st quarter. Acadian Asset Management LLC now owns 9,758 shares of the Internet company based in Singapore's stock valued at $523,000 after acquiring an additional 8,205 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of SEA during the 1st quarter worth $565,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.