SEA (NYSE:SE) Rating Increased to Buy at Loop Capital

SEA (NYSE:SE) was upgraded by Loop Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $92.00 price target on the Internet company based in Singapore’s stock, up from their previous price target of $59.00. Loop Capital’s price target points to a potential upside of 46.45% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Benchmark increased their price target on SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Sanford C. Bernstein increased their price target on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $70.00 in a report on Monday. Finally, Wedbush raised their target price on SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

SEA Stock Down 0.7 %

Shares of NYSE:SE opened at $62.82 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $53.85 and a two-hundred day moving average of $44.92. The stock has a market cap of $35.48 billion, a P/E ratio of 261.75 and a beta of 1.50. SEA has a 52-week low of $34.35 and a 52-week high of $88.39.

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

Institutional Investors Weigh In On SEA

A number of hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its position in SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares in the last quarter. Sands Capital Management LLC raised its position in SEA by 3.5% in the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after purchasing an additional 542,996 shares in the last quarter. Norges Bank acquired a new stake in SEA in the 4th quarter valued at about $640,219,000. Ward Ferry Management BVI Ltd raised its position in shares of SEA by 13.2% during the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock worth $194,234,000 after acquiring an additional 514,455 shares in the last quarter. Finally, Kora Management LP raised its position in shares of SEA by 0.7% during the 4th quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after acquiring an additional 28,000 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.