SEA (NYSE:SE) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of SEA (NYSE:SE) in a research note issued to investors on Monday, Benzinga reports. They currently have a $78.00 price target on the Internet company based in Singapore’s stock.

Several other brokerages have also recently commented on SE. Citigroup upgraded SEA from a neutral rating to a buy rating and increased their target price for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Daiwa Capital Markets upgraded shares of SEA from a neutral rating to a buy rating in a research report on Friday, February 2nd. Barclays upped their target price on shares of SEA from $68.00 to $85.00 and gave the stock an overweight rating in a research report on Friday, May 3rd. Morgan Stanley raised shares of SEA from an equal weight rating to an overweight rating and raised their price target for the company from $65.00 to $70.00 in a report on Monday, April 22nd. Finally, HSBC upped their price objective on SEA from $70.00 to $76.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $71.21.

SEA Trading Up 2.4 %

Shares of SEA stock opened at $66.75 on Monday. The stock has a market capitalization of $37.70 billion, a P/E ratio of 278.13 and a beta of 1.43. SEA has a 12-month low of $34.35 and a 12-month high of $88.39. 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 company has a 50-day simple moving average of $57.71 and a 200 day simple moving average of $46.28.

SEA (NYSE:SE) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. Research analysts expect that SEA will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Several large investors have recently modified their holdings of SE. Gulf International Bank UK Ltd boosted its stake in SEA by 0.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 28,745 shares of the Internet company based in Singapore’s stock worth $1,543,000 after purchasing an additional 258 shares during the period. Sunbelt Securities Inc. raised its position in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. UMB Bank n.a. lifted its stake in SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after acquiring an additional 327 shares in the last quarter. GAMMA Investing LLC boosted its position in SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after acquiring an additional 336 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of SEA by 4.3% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock worth $381,000 after acquiring an additional 360 shares in the last quarter. 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.