SEA (NYSE:SE) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of SEA (NYSE:SEGet Rating) in a report published on Sunday morning, Marketbeat reports. The firm issued a buy rating and a $196.00 target price on the Internet company based in Singapore’s stock.

Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of SEA from an overweight rating to a neutral rating and decreased their price objective for the stock from $250.00 to $105.00 in a research note on Friday, March 4th. Macquarie lowered their price objective on shares of SEA from $435.00 to $285.00 and set an outperform rating for the company in a research note on Thursday, January 27th. Sanford C. Bernstein lowered their target price on SEA from $330.00 to $250.00 in a research note on Wednesday, March 2nd. Cowen dropped their price objective on SEA from $370.00 to $295.00 in a report on Monday, February 28th. Finally, Morgan Stanley reiterated a buy rating and set a $220.00 price target on shares of SEA in a research report on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $253.67.

Shares of SE stock opened at $108.80 on Friday. The firm has a 50-day moving average of $124.02 and a 200-day moving average of $216.91. The company has a market cap of $58.70 billion, a P/E ratio of -28.41 and a beta of 1.39. SEA has a one year low of $85.01 and a one year high of $372.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.09.

SEA (NYSE:SEGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The Internet company based in Singapore reported ($0.88) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.21) by $0.33. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.99 billion. SEA had a negative net margin of 24.64% and a negative return on equity of 36.72%. The business’s quarterly revenue was up 105.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.06) EPS. As a group, research analysts expect that SEA will post -3.2 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in SEA by 72.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 582,547 shares of the Internet company based in Singapore’s stock worth $185,675,000 after purchasing an additional 244,786 shares in the last quarter. Discovery Value Fund boosted its position in SEA by 17.8% during the 3rd quarter. Discovery Value Fund now owns 1,310,421 shares of the Internet company based in Singapore’s stock worth $417,670,000 after acquiring an additional 198,381 shares during the last quarter. Jennison Associates LLC boosted its position in SEA by 64.0% during the 3rd quarter. Jennison Associates LLC now owns 7,030,971 shares of the Internet company based in Singapore’s stock worth $2,240,981,000 after acquiring an additional 2,742,732 shares during the last quarter. Truist Financial Corp boosted its position in SEA by 58.0% during the 3rd quarter. Truist Financial Corp now owns 14,996 shares of the Internet company based in Singapore’s stock worth $4,780,000 after acquiring an additional 5,504 shares during the last quarter. Finally, Banque Pictet & Cie SA boosted its position in SEA by 30.8% during the 4th quarter. Banque Pictet & Cie SA now owns 31,512 shares of the Internet company based in Singapore’s stock worth $7,050,000 after acquiring an additional 7,421 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.

SEA Company Profile (Get Rating)

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 provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features, such as user chat and online forums.

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