SEA (NYSE:SE) Upgraded by Bank of America to “Buy”

SEA (NYSE:SE) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $70.00 price objective on the Internet company based in Singapore’s stock, up from their previous price objective of $62.00. Bank of America‘s target price would indicate a potential upside of 27.13% from the stock’s previous close.

A number of other research analysts also recently weighed in on SE. Barclays raised their target price on shares of SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Morgan Stanley increased their price target on shares of SEA from $47.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Sanford C. Bernstein increased their price target on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. HSBC increased their price target on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Benchmark increased their price target on shares of SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $67.92.

SEA Stock Down 2.2 %

SEA stock opened at $55.06 on Monday. The company has a market cap of $31.10 billion, a P/E ratio of 229.42 and a beta of 1.50. SEA has a 1-year low of $34.35 and a 1-year high of $88.39. The company has a fifty day simple moving average of $52.72 and a 200 day simple moving average of $44.53. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last released its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. Research analysts anticipate that SEA will post 1.01 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. lifted its stake in shares of SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after buying an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC raised its stake in SEA by 3.5% in the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after purchasing an additional 542,996 shares in the last quarter. Norges Bank acquired a new stake in SEA in the 4th quarter worth about $640,219,000. BlackRock Inc. raised its stake in SEA by 1.6% in the 1st quarter. BlackRock Inc. now owns 15,214,991 shares of the Internet company based in Singapore’s stock worth $1,316,857,000 after purchasing an additional 245,289 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in SEA by 2.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,446,050 shares of the Internet company based in Singapore’s stock worth $463,567,000 after purchasing an additional 219,490 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

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.