Citigroup upgraded shares of SEA (NYSE:SE – Free Report) from a neutral rating to a buy rating in a research note released on Thursday, Marketbeat.com reports. They currently have $50.00 price target on the Internet company based in Singapore’s stock, up from their prior price target of $44.00.
Other equities analysts also recently issued research reports about the stock. Morgan Stanley downgraded shares of SEA from an overweight rating to an equal weight rating in a research note on Monday, December 4th. Benchmark decreased their target price on SEA from $95.00 to $65.00 and set a buy rating for the company in a research report on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SEA has a consensus rating of Moderate Buy and an average target price of $68.29.
SEA Trading Up 6.1 %
SEA (NYSE:SE – Get Free Report) last released its quarterly earnings data on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). SEA had a return on equity of 11.14% and a net margin of 5.44%. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business posted ($1.02) EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that SEA will post 0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Financial Perspectives Inc grew its stake in shares of SEA by 5.1% during the 4th quarter. Financial Perspectives Inc now owns 13,296 shares of the Internet company based in Singapore’s stock worth $538,000 after purchasing an additional 645 shares during the period. SlateStone Wealth LLC boosted its holdings in SEA by 6.8% during the fourth quarter. SlateStone Wealth LLC now owns 14,778 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 937 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in SEA by 27.2% in the fourth quarter. Handelsbanken Fonder AB now owns 90,802 shares of the Internet company based in Singapore’s stock valued at $3,677,000 after buying an additional 19,406 shares in the last quarter. CWM LLC lifted its position in shares of SEA by 41.6% during the 4th quarter. CWM LLC now owns 6,100 shares of the Internet company based in Singapore’s stock valued at $247,000 after acquiring an additional 1,793 shares during the period. Finally, abrdn plc boosted its stake in shares of SEA by 0.7% during the 4th quarter. abrdn plc now owns 296,266 shares of the Internet company based in Singapore’s stock worth $11,999,000 after acquiring an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 72.05% of the company’s stock.
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.
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