SEA (NYSE:SE) Stock Rating Upgraded by Dbs Bank

SEA (NYSE:SE) was upgraded by equities researchers at Dbs Bank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on SE. Wedbush reiterated 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. Barclays increased their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America raised their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

SEA Stock Performance

NYSE SE traded down $3.36 on Wednesday, hitting $99.97. 3,181,158 shares of the stock traded hands, compared to its average volume of 5,399,411. The business’s fifty day moving average is $93.42 and its two-hundred day moving average is $79.05. SEA has a 12 month low of $34.35 and a 12 month high of $117.52. The firm has a market capitalization of $57.22 billion, a price-to-earnings ratio of 666.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62.

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

Institutional Trading of SEA

A number of large investors have recently bought and sold shares of SE. Integrated Wealth Concepts LLC increased its holdings in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after purchasing an additional 160 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. Canton Hathaway LLC increased its holdings in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in SEA by 213.7% during the 3rd 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. Finally, Gulf International Bank UK Ltd increased its holdings in SEA by 0.7% during the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after acquiring an additional 213 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.