SEA (NYSE:SE) Upgraded by Dbs Bank to “Strong-Buy” Rating

Dbs Bank upgraded shares of SEA (NYSE:SE) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Down 3.0 %

Shares of SEA stock traded down $3.15 during trading on Wednesday, hitting $100.18. 2,969,655 shares of the stock traded hands, compared to its average volume of 5,399,411. The firm has a market cap of $57.34 billion, a P/E ratio of 688.80 and a beta of 1.52. 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 52-week low of $34.35 and a 52-week high of $117.52. The stock’s fifty day simple moving average is $93.42 and its 200 day simple moving average is $79.05.

SEA (NYSE:SE) last posted its 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the firm earned ($0.26) EPS. SEA’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, equities analysts predict that SEA will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SE. Avantax Advisory Services Inc. purchased a new stake in shares of SEA during the first quarter worth approximately $226,000. State Board of Administration of Florida Retirement System grew its holdings in SEA by 11.0% in the 1st 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 buying an additional 2,150 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in SEA by 18.4% in the 1st 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 buying an additional 31,470 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in SEA in the 1st quarter valued at $1,638,000. Finally, Intech Investment Management LLC purchased a new stake in SEA in the 1st quarter valued at $371,000. 59.53% of the stock is owned by institutional investors and hedge funds.

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.