SEA (NYSE:SE) Upgraded to "Strong-Buy" at Dbs Bank

SEA (NYSE:SE - Get Free Report) was upgraded by investment analysts at Dbs Bank from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

SE has been the topic of a number of other reports. Bank of America increased their target price on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup dropped their price objective on shares of SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, July 23rd. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average price target of $90.54.

SEA Trading Down 0.4 %

SE traded down $0.39 during trading on Wednesday, hitting $102.94. 6,440,721 shares of the company's stock were exchanged, compared to its average volume of 5,415,043. The firm has a market cap of $58.92 billion, a P/E ratio of 666.47 and a beta of 1.52. The stock has a 50 day moving average price of $93.42 and a 200 day moving average price of $79.05. The company has a current ratio of 1.62, a quick ratio of 1.48 and a debt-to-equity ratio of 0.36. SEA has a 1 year low of $34.35 and a 1 year high of $117.52.

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

Institutional Trading of SEA

A number of hedge funds have recently made changes to their positions in SE. Avantax Advisory Services Inc. purchased a new stake in shares of SEA in the first quarter worth approximately $226,000. State Board of Administration of Florida Retirement System raised 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 valued at $1,161,000 after acquiring an additional 2,150 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in SEA by 18.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore's stock valued at $10,862,000 after acquiring an additional 31,470 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in SEA during the first quarter valued at approximately $1,638,000. Finally, Intech Investment Management LLC acquired a new position in SEA during the first quarter valued at approximately $371,000. 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.