Citigroup Cuts SEA (NYSE:SE) Price Target to $80.00

SEA (NYSE:SE) had its target price decreased by Citigroup from $81.00 to $80.00 in a report released on Tuesday morning, Benzinga reports. Citigroup currently has a buy rating on the Internet company based in Singapore’s stock.

Other equities research analysts also recently issued reports about the company. Bank of America raised their price target on SEA from $75.00 to $77.00 and gave the stock a buy rating in a research note on Monday, July 22nd. Benchmark raised their price target on SEA from $78.00 to $87.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Morgan Stanley raised SEA from an equal weight rating to an overweight rating and raised their price objective for the company from $65.00 to $70.00 in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $60.00 price objective on shares of SEA in a research note on Wednesday, May 15th. Finally, Loop Capital raised their price objective on SEA from $92.00 to $94.00 and gave the company a buy rating in a research note on Monday, June 10th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $74.53.

SEA Trading Up 1.9 %

Shares of NYSE SE opened at $65.34 on Tuesday. SEA has a one year low of $34.35 and a one year high of $76.60. The firm has a market capitalization of $37.40 billion, a PE ratio of 1,306.80 and a beta of 1.51. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $71.86 and a two-hundred day moving average price of $58.58.

SEA (NYSE:SE) last announced its quarterly earnings data 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). SEA had a return on equity of 0.80% and a net margin of 0.39%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’s revenue was up 22.8% compared to the same quarter last year. As a group, analysts predict that SEA will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canvas Wealth Advisors LLC grew its holdings in shares of SEA by 47.3% during the 4th quarter. Canvas Wealth Advisors LLC now owns 15,197 shares of the Internet company based in Singapore’s stock worth $615,000 after purchasing an additional 4,878 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 509 shares in the last quarter. Cigna Investments Inc. New grew its holdings in shares of SEA by 6.0% during the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock worth $288,000 after purchasing an additional 401 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after purchasing an additional 327 shares in the last quarter. Finally, KG&L Capital Management LLC acquired a new stake in shares of SEA during the 4th quarter worth approximately $550,000. 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.