SEA (NYSE:SE) had its price objective upped by Cowen from $67.00 to $77.00 in a research report released on Tuesday morning, The Fly reports. Cowen currently has an outperform rating on the Internet company based in Singapore’s stock.
SE has been the subject of several other reports. Zacks Investment Research lowered SEA from a buy rating to a hold rating in a research note on Friday, May 15th. ValuEngine raised SEA from a hold rating to a buy rating in a research note on Thursday, April 2nd. Stifel Nicolaus lowered SEA from a buy rating to a hold rating and raised their price target for the stock from $55.00 to $62.00 in a research note on Thursday, May 14th. Goldman Sachs Group raised SEA from a buy rating to a conviction-buy rating and raised their price target for the stock from $42.50 to $50.00 in a research note on Wednesday, January 22nd. Finally, CLSA lowered SEA from a buy rating to an underperform rating and set a $66.30 price target for the company. in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $56.10.
Shares of NYSE:SE traded up $1.19 during trading on Tuesday, hitting $79.00. The company had a trading volume of 6,838,737 shares, compared to its average volume of 5,625,012. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of -37.26 and a beta of 1.19. SEA has a one year low of $26.41 and a one year high of $79.19. The company has a fifty day simple moving average of $54.68 and a two-hundred day simple moving average of $44.75. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.67 and a quick ratio of 1.86.
SEA (NYSE:SE) last posted its quarterly earnings data on Monday, May 18th. The Internet company based in Singapore reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.14). The company had revenue of $913.90 million during the quarter, compared to the consensus estimate of $890.94 million. SEA had a negative net margin of 41.46% and a negative return on equity of 83.74%. SEA’s revenue for the quarter was up 57.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.64) earnings per share. On average, equities research analysts anticipate that SEA will post -2.37 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new position in SEA during the 4th quarter worth $656,000. Candriam Luxembourg S.C.A. increased its holdings in SEA by 112.5% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 17,000 shares of the Internet company based in Singapore’s stock worth $684,000 after purchasing an additional 9,000 shares during the period. Baillie Gifford & Co. increased its holdings in SEA by 4.8% during the 4th quarter. Baillie Gifford & Co. now owns 2,043,646 shares of the Internet company based in Singapore’s stock worth $82,195,000 after purchasing an additional 94,232 shares during the period. ARK Investment Management LLC purchased a new position in SEA during the 4th quarter worth $2,702,000. Finally, Altium Wealth Management LLC purchased a new position in SEA during the 1st quarter worth $387,000. Institutional investors own 74.15% of the company’s stock.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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