SEA (NYSE:SE) Given “Reduce” Rating at Phillip Securities

SEA (NYSE:SE)‘s stock had its “reduce” rating restated by analysts at Phillip Securities in a research report issued on Tuesday,Benzinga reports. They currently 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 7.90% from the company’s previous close.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. TD Cowen boosted their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Trading Up 5.5 %

SE opened at $108.58 on Tuesday. The firm has a market cap of $62.14 billion, a price-to-earnings ratio of 723.87 and a beta of 1.52. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. SEA has a 12 month low of $34.35 and a 12 month high of $117.52. The stock has a fifty day moving average price of $94.57 and a 200-day moving average price of $79.86.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the firm earned ($0.26) earnings per share. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. As a group, equities research analysts anticipate that SEA will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds have recently bought and sold shares of the business. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA in the third quarter valued at approximately $587,544,000. WCM Investment Management LLC lifted its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. lifted its position in SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd lifted its position in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares in the last quarter. Finally, Eminence Capital LP lifted its position in SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after buying an additional 1,408,314 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.