SEA (NYSE:SE) Price Target Raised to $200.00

SEA (NYSE:SE) had its price objective raised by Wedbush from $170.00 to $200.00 in a report released on Wednesday, MarketBeat reports. The brokerage currently has an “outperform” rating on the Internet company based in Singapore’s stock. Wedbush’s price target suggests a potential upside of 14.77% from the company’s current price.

A number of other research firms have also weighed in on SE. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Macquarie reissued an “outperform” rating and set a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Loop Capital reaffirmed a “buy” rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $173.49.

SEA Stock Down 0.2%

SE opened at $174.26 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.49. The company’s 50-day moving average is $156.61 and its 200 day moving average is $141.99. SEA has a fifty-two week low of $75.67 and a fifty-two week high of $181.76. The firm has a market capitalization of $102.66 billion, a P/E ratio of 90.29 and a beta of 1.58.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. Research analysts expect that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently modified their holdings of the business. Smithfield Trust Co bought a new stake in shares of SEA in the first quarter valued at approximately $25,000. ORG Partners LLC raised its position in shares of SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock valued at $25,000 after purchasing an additional 138 shares during the period. Sava Infond d.o.o. bought a new stake in shares of SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC raised its position in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Finally, Inlight Wealth Management LLC purchased a new position in SEA during the first quarter valued at approximately $28,000. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.