SEA (NYSE:SE) Upgraded at Dbs Bank

Dbs Bank upgraded shares of SEA (NYSE:SE) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on SE. Bank of America raised their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark upped their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Performance

Shares of SEA stock opened at $102.94 on Wednesday. The firm has a market capitalization of $58.92 billion, a P/E ratio of 686.27 and a beta of 1.52. The company has a quick ratio of 1.48, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a 52 week low of $34.35 and a 52 week high of $117.52. The firm’s 50 day moving average is $93.93 and its two-hundred day moving average is $79.31.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.26) earnings per share. Research analysts forecast that SEA will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SE. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of SEA in the 3rd quarter valued at approximately $41,000. SOA Wealth Advisors LLC. acquired a new stake in shares of SEA during the 2nd quarter valued at approximately $32,000. Icon Wealth Advisors LLC bought a new position in SEA during the third quarter worth $47,000. Finally, Hexagon Capital Partners LLC boosted its holdings in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

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.