SEA (NYSE:SE) Rating Increased to Overweight at Morgan Stanley

SEA (NYSE:SE) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, Marketbeat reports. The firm presently has a $70.00 target price on the Internet company based in Singapore’s stock, up from their previous target price of $65.00. Morgan Stanley’s price target points to a potential upside of 12.85% from the stock’s previous close.

A number of other analysts have also issued reports on SE. Citigroup raised SEA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays boosted their price objective on SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Bank of America raised SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $70.00 in a report on Monday. Finally, Benchmark boosted their price objective on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $68.31.

SEA Trading Up 4.4 %

NYSE:SE opened at $62.03 on Monday. The business’s 50-day moving average is $53.04 and its two-hundred day moving average is $44.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. SEA has a 12 month low of $34.35 and a 12 month high of $88.39. The firm has a market capitalization of $35.03 billion, a PE ratio of 258.46 and a beta of 1.50.

SEA (NYSE:SE) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Research analysts predict that SEA will post 1.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the period. Sunbelt Securities Inc. boosted its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares during the period. UMB Bank n.a. boosted its position in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares during the period. Blue Trust Inc. boosted its position in shares of SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of SEA by 90.7% during the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after buying an additional 485 shares during the period. 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 eSports operations.