SEA (NYSE:SE) Releases Earnings Results, Misses Expectations By $0.52 EPS

SEA (NYSE:SE) issued its quarterly earnings data on Tuesday. The Internet company based in Singapore reported $0.59 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.52), Zacks reports. SEA had a return on equity of 15.69% and a net margin of 6.80%.The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year.

SEA Stock Up 0.8%

Shares of SE stock opened at $143.40 on Thursday. The company’s fifty day simple moving average is $174.89 and its two-hundred day simple moving average is $165.05. SEA has a 52 week low of $99.50 and a 52 week high of $199.30. The stock has a market cap of $84.48 billion, a P/E ratio of 62.89 and a beta of 1.55. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

SE has been the topic of a number of research reports. Morgan Stanley set a $209.00 price target on SEA in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Zacks Research raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and raised their target price for the company from $206.00 to $215.00 in a research note on Thursday, October 16th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.59.

Institutional Investors Weigh In On SEA

Large investors have recently bought and sold shares of the business. Captrust Financial Advisors lifted its position in SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after purchasing an additional 1,084 shares during the last quarter. Morse Asset Management Inc increased its position in shares of SEA by 21.1% during the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after purchasing an additional 2,121 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after acquiring an additional 27,953 shares during the last quarter. State of Tennessee Department of Treasury raised its stake in shares of SEA by 5.4% in the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after acquiring an additional 27,964 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of SEA during the 1st quarter worth about $4,028,000. 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.