Benchmark Reaffirms “Buy” Rating for SEA (NYSE:SE)

Benchmark reiterated their buy rating on shares of SEA (NYSE:SE) in a research note published on Monday morning, Benzinga reports. The firm currently has a $78.00 price objective on the Internet company based in Singapore’s stock.

A number of other analysts have also weighed in on the stock. Wedbush increased their price objective on shares of SEA from $45.00 to $72.00 and gave the stock an outperform rating in a research report on Tuesday, March 5th. Barclays increased their price target on SEA from $68.00 to $85.00 and gave the stock an overweight rating in a report on Friday, May 3rd. JPMorgan Chase & Co. upgraded SEA from a neutral rating to an overweight rating and lifted their target price for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Bank of America upgraded shares of SEA from a neutral rating to a buy rating and upped their price target for the stock from $62.00 to $70.00 in a report on Monday, April 22nd. Finally, Sanford C. Bernstein raised their price target on shares of SEA from $60.00 to $70.00 and gave the stock an outperform rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $71.21.

SEA Stock Performance

NYSE SE opened at $66.75 on Monday. The business’s 50 day moving average price is $57.71 and its 200-day moving average price is $46.28. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The company has a market cap of $37.70 billion, a P/E ratio of 278.13 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that SEA will post 0.75 earnings per share for the current year.

Institutional Trading of SEA

A number of hedge funds have recently bought and sold shares of SE. Baillie Gifford & Co. grew its position in shares of SEA by 30.8% in 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 increased its position in shares of SEA by 3.5% during the third 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 purchased a new stake in shares of SEA during the 4th quarter valued at $640,219,000. Ward Ferry Management BVI Ltd boosted its position in shares of SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock worth $194,234,000 after purchasing an additional 514,455 shares in the last quarter. Finally, Kora Management LP grew its stake in SEA by 0.7% during the 4th quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after buying an additional 28,000 shares during the last quarter. Hedge funds and other institutional investors 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 promotes eSports operations.