SEA (NYSE:SE) Price Target Increased to $69.00 by Analysts at TD Cowen

SEA (NYSE:SE) had its price objective lifted by TD Cowen from $64.00 to $69.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a hold rating on the Internet company based in Singapore’s stock.

Other analysts have also recently issued reports about the company. Bank of America boosted their price objective on SEA from $77.00 to $84.00 and gave the company a buy rating in a research report on Wednesday. Dbs Bank restated a hold rating and issued a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a buy rating for the company in a report on Tuesday, July 23rd. Benchmark increased their price target on shares of SEA from $87.00 to $94.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $60.00 price objective on shares of SEA in a report on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $77.29.

SEA Stock Performance

NYSE SE opened at $78.82 on Wednesday. The company’s fifty day moving average is $70.56 and its two-hundred day moving average is $61.85. SEA has a 52-week low of $34.35 and a 52-week high of $80.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 1,576.40 and a beta of 1.51.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.96% and a negative net margin of 1.36%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. Equities research analysts forecast that SEA will post 0.62 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of SEA in the fourth quarter valued at $796,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in SEA by 2.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 857,236 shares of the Internet company based in Singapore’s stock worth $34,718,000 after acquiring an additional 18,976 shares during the last quarter. Mackenzie Financial Corp increased its position in SEA by 4.4% in the 4th quarter. Mackenzie Financial Corp now owns 21,096 shares of the Internet company based in Singapore’s stock valued at $854,000 after acquiring an additional 893 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of SEA in the fourth quarter worth about $238,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of SEA by 6.9% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 94,700 shares of the Internet company based in Singapore’s stock worth $3,835,000 after purchasing an additional 6,100 shares in the last quarter. 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.