SEA (NYSE:SE) Price Target Raised to $131.00

SEA (NYSE:SE) had its price target lifted by Barclays from $94.00 to $131.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the Internet company based in Singapore’s stock.

Several other equities research analysts also recently commented on SE. Wedbush reaffirmed an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. TD Cowen raised their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday. Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Down 0.4 %

Shares of NYSE SE opened at $102.94 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.48. The company has a 50-day moving average price of $93.93 and a 200-day moving average price of $79.43. The stock has a market capitalization of $58.92 billion, a P/E ratio of 686.27 and a beta of 1.52. SEA has a 1 year low of $34.35 and a 1 year high of $117.52.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS 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 company 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 posted ($0.26) earnings per share. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities research analysts forecast that SEA will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of SEA during the 2nd quarter worth $32,000. Truvestments Capital LLC bought a new stake in shares of SEA during the 3rd quarter worth $41,000. Hexagon Capital Partners LLC grew its position in 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 worth $47,000 after acquiring an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in SEA in the third quarter valued at $47,000. 59.53% of the stock is currently owned by 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.