SEA (NYSE:SE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SEA (NYSE:SE) from a hold rating to a buy rating in a report released on Saturday.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Arete Research cut SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a report on Tuesday, October 14th. Benchmark boosted their target price on SEA from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Macquarie restated an “outperform” rating and set a $219.90 target price (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $180.78.

SEA Price Performance

NYSE:SE opened at $165.88 on Friday. SEA has a 12 month low of $92.50 and a 12 month high of $199.30. The stock has a 50 day moving average of $183.65 and a two-hundred day moving average of $160.56. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The firm has a market cap of $97.72 billion, a P/E ratio of 85.95 and a beta of 1.54.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its stake in SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore’s stock worth $2,272,000 after purchasing an additional 5,153 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore’s stock worth $461,000 after purchasing an additional 279 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its stake in SEA by 4.7% during the first quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore’s stock worth $23,071,000 after purchasing an additional 7,870 shares in the last quarter. Plato Investment Management Ltd lifted its stake in SEA by 30.4% during the first quarter. Plato Investment Management Ltd now owns 9,192 shares of the Internet company based in Singapore’s stock worth $1,212,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in SEA by 309.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore’s stock worth $280,000 after purchasing an additional 1,622 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.