Benchmark Forecasts Strong Price Appreciation for SEA (NYSE:SE) Stock

SEA (NYSE:SE) had its price target boosted by Benchmark from $180.00 to $205.00 in a report issued on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the Internet company based in Singapore’s stock.

A number of other research firms have also issued reports on SE. Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Wedbush reaffirmed an “outperform” rating on shares of SEA in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Finally, Macquarie reaffirmed an “outperform” rating and set a $219.90 target price (up from $178.20) on shares of SEA in a report on Tuesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.49.

SEA Stock Performance

SE opened at $177.29 on Wednesday. SEA has a 12-month low of $75.67 and a 12-month high of $181.76. The company has a current ratio of 1.55, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $104.44 billion, a PE ratio of 91.86 and a beta of 1.58. The firm has a 50 day moving average of $156.85 and a two-hundred day moving average of $142.38.

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

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares in the last quarter. Jennison Associates LLC purchased a new stake in SEA in the 1st quarter worth $336,521,000. Fred Alger Management LLC increased its holdings in SEA by 144.6% in the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock worth $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Capital Research Global Investors increased its holdings in SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Finally, Scge Management L.P. increased its holdings in SEA by 137.6% in the 1st quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock worth $281,858,000 after acquiring an additional 1,251,000 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

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.