Benchmark Issues Positive Forecast for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE) had its price objective raised by Benchmark from $94.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

Several other analysts have also recently commented on SE. Citigroup dropped their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Barclays upped their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. TD Cowen upped their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Bank of America upped their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Performance

SE stock opened at $102.94 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.48. The company has a 50 day moving average price of $93.93 and a 200 day moving average price of $79.43. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The stock has a market capitalization of $58.92 billion, a PE ratio of 686.27 and a beta of 1.52.

SEA (NYSE:SE) last posted its quarterly earnings data 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 company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) EPS. Analysts forecast that SEA will post 0.8 EPS for the current year.

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Rosenberg Matthew Hamilton raised its holdings in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of SEA in the 2nd quarter worth about $32,000. Truvestments Capital LLC acquired a new stake in shares of SEA in the 3rd quarter worth about $41,000. Hexagon Capital Partners LLC raised its holdings in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.