Bank of America Increases SEA (NYSE:SE) Price Target to $96.00

SEA (NYSE:SE) had its price objective raised by stock analysts at Bank of America from $84.00 to $96.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the Internet company based in Singapore’s stock. Bank of America‘s price target would suggest a potential upside of 3.31% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Barclays boosted their target price on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Benchmark raised their target price on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.92.

SEA Stock Up 2.5 %

Shares of NYSE SE opened at $92.92 on Monday. The firm’s 50-day moving average is $74.71 and its two-hundred day moving average is $68.73. The company has a market capitalization of $53.18 billion, a PE ratio of 1,858.40 and a beta of 1.51. SEA has a 12-month low of $34.35 and a 12-month high of $92.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. SEA’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts anticipate that SEA will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SE. SOA Wealth Advisors LLC. purchased a new position in SEA in the second quarter valued at about $32,000. GAMMA Investing LLC lifted its position in SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after acquiring an additional 336 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the period. EverSource Wealth Advisors LLC grew its position in SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 394 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of SEA by 78.8% during the first quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after purchasing an additional 528 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.