SEA’s (SE) “Reduce” Rating Reiterated at Phillip Securities

Phillip Securities reaffirmed their reduce rating on shares of SEA (NYSE:SE) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $100.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $80.00.

SE has been the topic of a number of other research reports. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Bank of America boosted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Barclays raised their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

Shares of SE stock opened at $113.04 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market capitalization of $64.70 billion, a price-to-earnings ratio of 756.60 and a beta of 1.52. SEA has a one year low of $34.35 and a one year high of $117.85. The company has a 50 day moving average price of $96.76 and a 200 day moving average price of $80.68.

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

Institutional Trading of SEA

Several hedge funds have recently bought and sold shares of SE. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA in the third quarter valued at approximately $587,544,000. WCM Investment Management LLC increased its position in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Baillie Gifford & Co. raised its stake in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd boosted its position in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the period. Finally, Eminence Capital LP grew its stake in shares of SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after purchasing an additional 1,408,314 shares in the last quarter. 59.53% of the stock is currently owned by 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.