Benchmark Issues Positive Forecast for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE) had its price objective lifted by Benchmark from $94.00 to $130.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the Internet company based in Singapore’s stock.

SE has been the topic of several other reports. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. TD Cowen increased their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Barclays increased their target price on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

SEA Stock Down 0.4 %

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

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.26) earnings per share. As a group, equities analysts predict that SEA will post 0.8 EPS for the current year.

Hedge Funds Weigh In On SEA

Hedge funds have recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its holdings in shares of SEA by 213.7% in the third 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. purchased a new position in shares of SEA in the second quarter worth $32,000. Truvestments Capital LLC purchased a new position in shares of SEA in the third quarter worth $41,000. Hexagon Capital Partners LLC lifted its holdings in shares of 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 buying an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in shares of SEA in the third quarter worth $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.