Phillip Securities Reiterates “Reduce” Rating for SEA (NYSE:SE)

SEA (NYSE:SE)‘s stock had its “reduce” rating reaffirmed by equities researchers at Phillip Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $100.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $80.00. Phillip Securities’ price target indicates a potential downside of 7.90% from the company’s current price.

SE has been the subject of several other research reports. Barclays raised their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Citigroup dropped their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

SE stock opened at $108.58 on Tuesday. The business has a fifty day moving average of $94.57 and a two-hundred day moving average of $79.86. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $62.14 billion, a price-to-earnings ratio of 723.87 and a beta of 1.52. SEA has a 52-week low of $34.35 and a 52-week high of $117.52.

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 the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same period last year, the business earned ($0.26) EPS. As a group, research analysts anticipate that SEA will post 0.8 earnings per share for the current year.

Institutional Trading of SEA

A number of institutional investors have recently bought and sold shares of SE. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% during 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 during the last quarter. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the 2nd quarter valued at about $32,000. Truvestments Capital LLC purchased a new stake in shares of SEA in the 3rd quarter valued at about $41,000. Hexagon Capital Partners LLC lifted 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 valued at $47,000 after purchasing an additional 253 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in SEA in the 3rd quarter valued at about $47,000. 59.53% of the stock is 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.