SEA’s (SE) Hold Rating Reaffirmed at Dbs Bank

Dbs Bank restated their hold rating on shares of SEA (NYSE:SE) in a research report report published on Friday morning, Benzinga reports. Dbs Bank currently has a $75.00 price objective on the Internet company based in Singapore’s stock.

Several other equities analysts also recently commented on SE. Loop Capital boosted their price target on shares of SEA from $92.00 to $94.00 and gave the stock a buy rating in a research note on Monday, June 10th. Wedbush reiterated an outperform rating and set a $72.00 target price on shares of SEA in a research note on Tuesday, May 14th. Morgan Stanley upgraded shares of SEA from an equal weight rating to an overweight rating and boosted their target price for the stock from $65.00 to $70.00 in a research note on Monday, April 22nd. Benchmark boosted their price target on shares of SEA from $78.00 to $87.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Finally, Sanford C. Bernstein boosted their price target on shares of SEA from $60.00 to $70.00 and gave the company an outperform rating in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $73.50.

SEA Stock Down 4.1 %

SE stock opened at $71.43 on Friday. The firm has a market cap of $40.88 billion, a PE ratio of 1,428.60 and a beta of 1.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46. The firm’s 50 day moving average price is $69.74 and its 200-day moving average price is $54.35. SEA has a one year low of $34.35 and a one year high of $76.60.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, equities research analysts anticipate that SEA will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SE. Norges Bank acquired a new stake in shares of SEA in the 4th quarter worth approximately $640,219,000. Baillie Gifford & Co. increased its stake in 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 valued at $1,384,427,000 after buying an additional 8,045,977 shares during the period. Assenagon Asset Management S.A. grew its position in SEA by 12,344.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after acquiring an additional 2,634,327 shares in the last quarter. Eminence Capital LP bought a new stake in SEA in the fourth quarter worth approximately $60,714,000. Finally, National Bank of Canada FI grew its position in SEA by 201.0% in the fourth quarter. National Bank of Canada FI now owns 1,907,333 shares of the Internet company based in Singapore’s stock worth $73,337,000 after acquiring an additional 1,273,767 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.