SEA (NYSE:SE) Upgraded at Dbs Bank

Dbs Bank upgraded shares of SEA (NYSE:SE) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Two 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. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

SEA Trading Down 3.0 %

Shares of SEA stock traded down $3.15 during trading hours on Wednesday, hitting $100.18. The company’s stock had a trading volume of 2,969,655 shares, compared to its average volume of 5,399,411. SEA has a twelve month low of $34.35 and a twelve month high of $117.52. The firm has a fifty day moving average of $93.42 and a 200-day moving average of $79.05. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 688.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Duquesne Family Office LLC purchased a new position in SEA during the 2nd quarter worth approximately $4,778,000. WCM Investment Management LLC grew its stake in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock worth $38,098,000 after buying an additional 7,175 shares during the last quarter. Toronto Dominion Bank grew its stake in SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after buying an additional 196,506 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. purchased a new position in SEA during the 3rd quarter worth approximately $587,544,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.