SEA’s (SE) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of SEA (NYSE:SE) in a research report sent to investors on Tuesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on SE. Wedbush raised their price target on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Benchmark raised their price target on shares of SEA from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Barclays raised their price target on shares of SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Arete cut shares of SEA from a “buy” rating to a “neutral” rating and set a $177.00 price target for the company. in a research note on Wednesday, September 3rd. Finally, Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.78.

SEA Stock Down 0.2%

NYSE SE opened at $163.13 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a 50-day simple moving average of $183.01 and a 200 day simple moving average of $159.50. SEA has a twelve month low of $92.50 and a twelve month high of $199.30. The stock has a market cap of $96.10 billion, a PE ratio of 84.52 and a beta of 1.54.

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

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of SE. Farther Finance Advisors LLC increased its holdings in shares of SEA by 241.0% during the first quarter. Farther Finance Advisors LLC now owns 1,255 shares of the Internet company based in Singapore’s stock worth $166,000 after buying an additional 887 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of SEA by 62.1% during the first quarter. GAMMA Investing LLC now owns 2,667 shares of the Internet company based in Singapore’s stock worth $348,000 after buying an additional 1,022 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore’s stock worth $631,000 after buying an additional 476 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock worth $31,000 after buying an additional 195 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of SEA by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,180 shares of the Internet company based in Singapore’s stock valued at $807,000 after purchasing an additional 493 shares in the last quarter. Institutional investors and hedge funds 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.