SEA (NYSE:SE) Stock Rating Upgraded by Dbs Bank

SEA (NYSE:SE) was upgraded by equities research analysts at Dbs Bank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

SE has been the subject of several other research reports. Citigroup decreased their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. TD Cowen raised their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays increased their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Benchmark boosted their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Performance

Shares of SEA stock opened at $103.32 on Wednesday. The firm has a market capitalization of $59.13 billion, a P/E ratio of 688.80 and a beta of 1.52. The company has a current ratio of 1.62, a quick ratio of 1.48 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $93.42 and its 200 day simple moving average is $79.05. SEA has a 12 month low of $34.35 and a 12 month high of $117.52.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the firm posted ($0.26) earnings per share. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. As a group, analysts anticipate that SEA will post 0.8 EPS for the current year.

Institutional Trading of SEA

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in shares of SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Canton Hathaway LLC lifted its position in SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in 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 buying an additional 203 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in shares of SEA by 0.7% in the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of SEA by 5.2% during the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock valued at $362,000 after buying an additional 250 shares in the last quarter. 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.