SEA (NYSE:SE) Downgraded by Cowen to “Market Perform”

Cowen lowered shares of SEA (NYSE:SEGet Rating) from an outperform rating to a market perform rating in a report published on Monday, The Fly reports. Cowen currently has $60.00 target price on the Internet company based in Singapore’s stock, down from their prior target price of $72.00.

SE has been the topic of several other reports. Barclays cut their price target on shares of SEA from $100.00 to $98.00 and set an overweight rating on the stock in a research note on Thursday, November 17th. China Renaissance lowered their price objective on shares of SEA from $100.00 to $94.00 in a research report on Tuesday, November 1st. Citigroup lowered their price objective on shares of SEA from $129.00 to $97.00 and set a buy rating on the stock in a research report on Wednesday, November 16th. Cowen lowered their price objective on shares of SEA from $106.00 to $78.00 and set an outperform rating on the stock in a research report on Monday, November 14th. Finally, Morgan Stanley lowered their price objective on shares of SEA from $116.00 to $95.00 and set an overweight rating on the stock in a research report on Thursday, November 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, SEA currently has an average rating of Moderate Buy and a consensus target price of $127.87.

SEA Price Performance

Shares of NYSE:SE opened at $54.09 on Monday. The company’s fifty day moving average price is $53.62 and its 200 day moving average price is $66.63. SEA has a 12 month low of $40.67 and a 12 month high of $312.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.78 and a quick ratio of 1.77. The firm has a market capitalization of $30.17 billion, a P/E ratio of -11.15 and a beta of 1.51.

Institutional Trading of SEA

Institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in SEA during the second quarter worth about $29,000. Total Clarity Wealth Management Inc. purchased a new stake in SEA during the second quarter worth about $30,000. Wipfli Financial Advisors LLC acquired a new position in SEA during the third quarter worth about $32,000. SeaCrest Wealth Management LLC acquired a new position in SEA during the second quarter worth about $34,000. Finally, Activest Wealth Management raised its position in SEA by 174.6% during the third quarter. Activest Wealth Management now owns 681 shares of the Internet company based in Singapore’s stock worth $44,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

About SEA

(Get Rating)

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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.

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Analyst Recommendations for SEA (NYSE:SE)

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