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

Cowen downgraded shares of SEA (NYSE:SEGet Rating) to a market perform rating in a report published on Monday, Stock Target Advisor reports. The brokerage currently has $60.00 price objective on the Internet company based in Singapore’s stock, down from their prior price objective of $72.00.

Other equities analysts have also issued research reports about the stock. Barclays cut their price objective on shares of SEA from $100.00 to $98.00 and set an overweight rating on the stock in a research report on Thursday, November 17th. Daiwa Capital Markets lowered shares of SEA from a buy rating to a neutral rating in a research report on Wednesday, August 17th. JPMorgan Chase & Co. raised their price objective on shares of SEA from $70.00 to $75.00 in a research report on Wednesday, November 16th. Morgan Stanley cut 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. Finally, Bank of America cut their price objective on shares of SEA from $86.00 to $74.00 and set a buy rating on the stock in a research report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, SEA has a consensus rating of Moderate Buy and a consensus price target of $127.87.

SEA Price Performance

NYSE SE opened at $54.09 on Monday. The company has a 50 day simple moving average of $53.62 and a 200-day simple moving average of $66.63. 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 price-to-earnings ratio of -11.15 and a beta of 1.51. SEA has a 52-week low of $40.67 and a 52-week high of $312.83.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Merlin Capital LLC grew its stake in shares of SEA by 2.7% in the second quarter. Merlin Capital LLC now owns 5,606 shares of the Internet company based in Singapore’s stock worth $375,000 after acquiring an additional 147 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of SEA by 13.2% in the first quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore’s stock worth $157,000 after acquiring an additional 153 shares during the last quarter. Sculati Wealth Management LLC boosted its stake in SEA by 3.3% during the third quarter. Sculati Wealth Management LLC now owns 5,697 shares of the Internet company based in Singapore’s stock worth $319,000 after buying an additional 184 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new stake in SEA during the first quarter worth $45,000. Finally, Evolution Wealth Advisors LLC boosted its stake in SEA by 1.3% during the second quarter. Evolution Wealth Advisors LLC now owns 16,503 shares of the Internet company based in Singapore’s stock worth $1,103,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

SEA Company Profile

(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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