Wedbush Has Positive Forecast for SEA Q3 Earnings

Sea Limited (NYSE:SE) – Investment analysts at Wedbush lifted their Q3 2024 EPS estimates for SEA in a research note issued to investors on Monday, November 4th. Wedbush analyst S. Devitt now expects that the Internet company based in Singapore will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.33. Wedbush currently has a “Outperform” rating and a $105.00 target price on the stock. The consensus estimate for SEA’s current full-year earnings is $0.77 per share. Wedbush also issued estimates for SEA’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.03 EPS and FY2025 earnings at $2.20 EPS.

Several other research analysts have also recently issued reports on SE. TD Cowen upped their price target on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Barclays upped their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Benchmark lifted their price target on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Citigroup dropped their target price 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.54.

SEA Trading Down 2.3 %

Shares of SEA stock opened at $93.53 on Thursday. The business has a fifty day simple moving average of $91.40 and a 200-day simple moving average of $77.92. The firm has a market cap of $53.53 billion, a price-to-earnings ratio of -267.23 and a beta of 1.52. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $101.93. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS.

Institutional Investors Weigh In On SEA

Several hedge funds have recently modified their holdings of SE. Duquesne Family Office LLC acquired a new stake in SEA during the second quarter worth $4,778,000. Robeco Institutional Asset Management B.V. boosted its stake in SEA by 1.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after buying an additional 7,175 shares in the last quarter. Toronto Dominion Bank grew its position in SEA by 28.2% in the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after acquiring an additional 196,506 shares during the period. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the third quarter worth $587,544,000. Finally, TB Alternative Assets Ltd. grew its holdings in shares of SEA by 579.1% in the 3rd quarter. TB Alternative Assets Ltd. now owns 105,943 shares of the Internet company based in Singapore’s stock worth $9,988,000 after purchasing an additional 90,343 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

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.