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

SEA (NYSE:SE) had its target price boosted by TD Cowen from $69.00 to $100.00 in a report issued on Wednesday,Benzinga reports. They currently have a hold rating on the Internet company based in Singapore’s stock.

A number of other brokerages have also weighed in on SE. Barclays boosted their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Citigroup lowered their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Benchmark lifted their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Wedbush restated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.54.

SEA Stock Down 0.4 %

Shares of SEA stock opened at $102.94 on Wednesday. The company has a 50-day simple moving average of $93.93 and a two-hundred day simple moving average of $79.43. The stock has a market capitalization of $58.92 billion, a PE 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 debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62.

SEA (NYSE:SE) last announced its quarterly earnings data 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 firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. On average, analysts anticipate that SEA will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in shares of SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after acquiring an additional 160 shares during the period. Sequoia Financial Advisors LLC grew its holdings in SEA by 6.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after buying an additional 180 shares in the last quarter. Canton Hathaway LLC raised its position in shares of SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after buying an additional 200 shares during the last quarter. 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. Finally, Gulf International Bank UK Ltd boosted its position in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after acquiring an additional 213 shares during the last quarter. 59.53% of the stock is currently owned by 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.