Shares of Sea Limited (NYSE:SE – Get Free Report) gapped up before the market opened on Monday after Bank of America raised their price target on the stock from $84.00 to $96.00. The stock had previously closed at $85.71, but opened at $87.77. Bank of America currently has a buy rating on the stock. SEA shares last traded at $89.52, with a volume of 1,422,747 shares traded.
SE has been the topic of a number of other research reports. Dbs Bank restated a “hold” rating and issued a $75.00 target price on shares of SEA in a report on Friday, June 28th. TD Cowen increased their price objective on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Barclays lifted their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Citigroup dropped their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.92.
Read Our Latest Research Report on SEA
Institutional Investors Weigh In On SEA
SEA Stock Up 3.8 %
The company’s fifty day simple moving average is $73.90 and its 200 day simple moving average is $68.26. The firm has a market capitalization of $50.92 billion, a P/E ratio of 1,782.80 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.
SEA (NYSE:SE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Research analysts expect that Sea Limited will post 0.64 EPS for the current year.
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.
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