SEA (NYSE:SE) Upgraded to “Strong-Buy” at Dbs Bank

Dbs Bank upgraded shares of SEA (NYSE:SE) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on SE. Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup reduced their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Bank of America lifted their price target 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. Finally, TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday. Two investment 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.com, SEA has an average rating of “Moderate Buy” and an average target price of $90.54.

SEA Price Performance

Shares of NYSE:SE opened at $102.94 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a market cap of $58.92 billion, a P/E ratio of 686.27 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 50-day moving average price of $93.93 and a 200 day moving average price of $79.43.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (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 for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business posted ($0.26) earnings per share. SEA’s revenue was up 30.8% on a year-over-year basis. Research analysts predict that SEA will post 0.8 earnings per share for the current year.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in SEA by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares during the period. M&T Bank Corp grew its stake in shares of SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after buying an additional 71,214 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of SEA during the 3rd quarter valued at $37,843,000. Groupama Asset Managment grew its stake in shares of SEA by 70.5% during the 3rd quarter. Groupama Asset Managment now owns 14,458 shares of the Internet company based in Singapore’s stock valued at $1,363,000 after buying an additional 5,976 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of SEA by 10.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 162,250 shares of the Internet company based in Singapore’s stock valued at $15,297,000 after buying an additional 15,169 shares during the period. 59.53% of the stock is owned by hedge funds and other 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.