Barclays Issues Positive Forecast for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE) had its target price increased by Barclays from $94.00 to $131.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore’s stock.

A number of other research firms have also issued reports on SE. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Wedbush restated an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark upped their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Down 1.9 %

SE stock traded down $1.97 on Thursday, hitting $101.36. 4,536,673 shares of the company’s stock were exchanged, compared to its average volume of 5,406,470. The firm has a 50 day moving average price of $93.42 and a two-hundred day moving average price of $79.05. SEA has a 12-month low of $34.35 and a 12-month high of $117.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. The stock has a market cap of $58.01 billion, a P/E ratio of 666.47 and a beta of 1.52.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS. As a group, equities research analysts expect that SEA will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently modified their holdings of SE. Rosenberg Matthew Hamilton boosted its holdings in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of SEA in the second quarter valued at approximately $32,000. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter valued at approximately $41,000. Hexagon Capital Partners LLC boosted its holdings in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after acquiring an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in shares of SEA in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.