SEA (NYSE:SE) Given New $100.00 Price Target at TD Cowen

SEA (NYSE:SE) had its price objective boosted by TD Cowen from $69.00 to $100.00 in a research note issued to investors on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the Internet company based in Singapore’s stock.

Other equities analysts have also issued research reports about the company. Barclays boosted their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Bank of America raised their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Down 0.4 %

Shares of SE opened at $102.94 on Wednesday. The stock has a 50 day moving average price of $93.93 and a 200 day moving average price of $79.31. SEA has a one year low of $34.35 and a one year 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 capitalization of $58.92 billion, a price-to-earnings ratio of 686.27 and a beta of 1.52.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Duquesne Family Office LLC purchased a new stake in SEA during the 2nd quarter worth about $4,778,000. WCM Investment Management LLC increased its stake in shares of SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after acquiring an additional 7,175 shares in the last quarter. Toronto Dominion Bank lifted its stake in SEA by 28.2% in the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after acquiring an additional 196,506 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the 3rd quarter worth approximately $587,544,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.