SEA (NYSE:SE) Price Target Raised to $130.00

SEA (NYSE:SE) had its target price hoisted by research analysts at Benchmark from $94.00 to $130.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s target price suggests a potential upside of 21.35% from the stock’s previous close.

SE has been the subject of several other research reports. TD Cowen upped their price objective on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays increased 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. Finally, Citigroup decreased their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $85.31.

SEA Stock Performance

Shares of NYSE SE traded down $0.52 during midday trading on Wednesday, reaching $107.13. 3,157,415 shares of the company traded hands, compared to its average volume of 5,401,616. The stock has a 50-day moving average price of $92.39 and a 200 day moving average price of $78.69. The company has a market cap of $61.31 billion, a price-to-earnings ratio of 715.07 and a beta of 1.52. SEA has a 52 week low of $34.35 and a 52 week high of $117.52. 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 quarterly earnings data 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). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.47%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) EPS. Sell-side analysts anticipate that SEA will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

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