Dbs Bank Reaffirms “Hold” Rating for SEA (NYSE:SE)

Dbs Bank restated their hold rating on shares of SEA (NYSE:SE) in a report published on Friday morning, Benzinga reports. They currently have a $75.00 price objective on the Internet company based in Singapore’s stock.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. restated a neutral rating and issued a $78.00 price objective (down from $84.00) on shares of SEA in a report on Tuesday, June 25th. Benchmark boosted their price objective on shares of SEA from $78.00 to $87.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Bank of America boosted their price objective on shares of SEA from $70.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Morgan Stanley upgraded shares of SEA from an equal weight rating to an overweight rating and boosted their price objective for the stock from $65.00 to $70.00 in a report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $60.00 price objective on shares of SEA in a report on Wednesday, May 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $73.50.

SEA Price Performance

SE stock opened at $69.39 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. SEA has a one year low of $34.35 and a one year high of $76.60. The stock has a market cap of $39.71 billion, a PE ratio of 1,387.80 and a beta of 1.51. The firm has a 50 day simple moving average of $69.94 and a two-hundred day simple moving average of $54.80.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. SEA’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. On average, analysts predict that SEA will post 0.66 EPS for the current fiscal year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of SE. Baillie Gifford & Co. grew its position in SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC grew its position in SEA by 3.5% during the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after purchasing an additional 542,996 shares during the last quarter. Norges Bank purchased a new stake in SEA during the 4th quarter valued at about $640,219,000. Kora Management LP grew its position in SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in SEA by 11.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after purchasing an additional 420,802 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.