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

SEA (NYSE:SE) had its price target lifted by stock analysts at Benchmark from $94.00 to $130.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s price objective suggests a potential upside of 21.35% from the company’s current price.

SE has been the topic of several other reports. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen increased their price target 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. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Barclays raised their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $85.31.

SEA Stock Performance

NYSE:SE traded down $0.52 during midday trading on Wednesday, reaching $107.13. The stock had a trading volume of 3,157,415 shares, compared to its average volume of 5,401,616. The stock has a market cap of $61.31 billion, a P/E ratio of 715.07 and a beta of 1.52. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. SEA has a 12-month low of $34.35 and a 12-month high of $117.52. The firm has a fifty day simple moving average of $92.39 and a two-hundred day simple moving average of $78.69.

SEA (NYSE:SE) last issued 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 1.47% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the company posted ($0.26) earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities analysts expect that SEA will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Tree Line Advisors Hong Kong Ltd. lifted its holdings in SEA by 13.9% during the 3rd quarter. Tree Line Advisors Hong Kong Ltd. now owns 1,230,000 shares of the Internet company based in Singapore’s stock worth $115,964,000 after buying an additional 150,000 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its position in shares of SEA by 2.2% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 98,747 shares of the Internet company based in Singapore’s stock valued at $9,310,000 after acquiring an additional 2,135 shares in the last quarter. West Tower Group LLC lifted its stake in SEA by 100.0% during the third quarter. West Tower Group LLC now owns 3,000 shares of the Internet company based in Singapore’s stock worth $283,000 after purchasing an additional 1,500 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in SEA by 14.1% in the third quarter. The Manufacturers Life Insurance Company now owns 1,251,596 shares of the Internet company based in Singapore’s stock worth $118,000,000 after purchasing an additional 154,718 shares during the period. Finally, Bank of Montreal Can increased its stake in SEA by 4.1% during the third quarter. Bank of Montreal Can now owns 144,111 shares of the Internet company based in Singapore’s stock valued at $13,591,000 after purchasing an additional 5,648 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.