SEA (NYSE:SE) Sees Large Volume Increase on Analyst Upgrade

Sea Limited (NYSE:SE – Get Rating) saw strong trading volume on Wednesday after HSBC raised their price target on the stock from $92.00 to $94.00. 2,366,657 shares were traded during trading, a decline of 52% from the previous session’s volume of 4,895,619 shares.The stock last traded at $74.26 and had previously closed at $72.45.

Other analysts have also recently issued reports about the stock. Citigroup lifted their price objective on shares of SEA from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Loop Capital lifted their price objective on shares of SEA from $62.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. UBS Group cut shares of SEA from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $92.00 in a research note on Thursday, April 20th. Jefferies Financial Group lifted their price objective on shares of SEA from $104.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Finally, The Goldman Sachs Group upgraded shares of SEA from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 16th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.88.

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd increased its holdings in SEA by 1.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 8,703 shares of the Internet company based in Singapore’s stock worth $753,000 after acquiring an additional 144 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SEA by 13.2% during 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 buying an additional 153 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of SEA by 3.9% during the first quarter. Valeo Financial Advisors LLC now owns 4,209 shares of the Internet company based in Singapore’s stock worth $364,000 after buying an additional 157 shares in the last quarter. Glassman Wealth Services grew its holdings in shares of SEA by 120.1% during the first quarter. Glassman Wealth Services now owns 306 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 167 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of SEA by 0.9% during the first quarter. Mackenzie Financial Corp now owns 18,684 shares of the Internet company based in Singapore’s stock worth $1,617,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

SEA Price Performance

The firm has a market cap of $40.88 billion, a PE ratio of -24.05 and a beta of 1.70. The stock’s fifty day moving average price is $80.45 and its 200-day moving average price is $66.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.83 and a quick ratio of 1.81.

SEA (NYSE:SE – Get Rating) last released its earnings results on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.49). SEA had a negative return on equity of 26.25% and a negative net margin of 13.28%. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the company earned ($1.04) EPS. SEA’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited will post 2.22 EPS for the current fiscal year.

About SEA

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Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.