SEA (NYSE:SE) Price Target Cut to $115.00

SEA (NYSE:SE – Get Rating) had its target price cut by research analysts at Cowen from $133.00 to $115.00 in a research note issued on Wednesday, Stock Target Advisor reports. Cowen’s price target would indicate a potential upside of 51.72% from the company’s current price.

SE has been the topic of several other reports. Loop Capital began coverage on shares of SEA in a report on Tuesday, January 18th. They set a “hold” rating and a $190.00 price target on the stock. Cowen cut their price target on shares of SEA from $133.00 to $115.00 in a report on Wednesday. Stifel Nicolaus cut their price target on shares of SEA from $160.00 to $115.00 in a report on Wednesday. CICC Research began coverage on shares of SEA in a research note on Wednesday, April 27th. They issued an “outperform” rating on the stock. Finally, Barclays dropped their target price on shares of SEA from $218.00 to $201.00 and set an “overweight” rating on the stock in a research note on Thursday, March 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $221.50.

Shares of NYSE SE traded down $4.41 during mid-day trading on Wednesday, reaching $75.80. 99,038 shares of the company’s stock traded hands, compared to its average volume of 8,096,354. The stock has a market cap of $42.28 billion, a P/E ratio of -20.03 and a beta of 1.56. The business has a 50-day simple moving average of $100.58 and a 200 day simple moving average of $172.95. SEA has a 1-year low of $54.06 and a 1-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:SE – Get Rating) last released its quarterly earnings results on Tuesday, May 17th. The Internet company based in Singapore reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($1.06) by $0.26. SEA had a negative net margin of 24.64% and a negative return on equity of 36.72%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the company earned ($0.82) earnings per share. The firm’s revenue for the quarter was up 64.4% compared to the same quarter last year. Equities research analysts anticipate that SEA will post -3.75 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of SEA by 72.5% in 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 buying an additional 244,786 shares during the last quarter. Discovery Value Fund boosted its stake in shares of SEA by 17.8% in the 3rd quarter. Discovery Value Fund now owns 1,310,421 shares of the Internet company based in Singapore’s stock valued at $417,670,000 after purchasing an additional 198,381 shares in the last quarter. Banque Pictet & Cie SA boosted its stake in shares of SEA by 30.8% in the 4th quarter. Banque Pictet & Cie SA now owns 31,512 shares of the Internet company based in Singapore’s stock valued at $7,050,000 after purchasing an additional 7,421 shares in the last quarter. Stony Point Capital LLC boosted its stake in shares of SEA by 2.9% in the 3rd quarter. Stony Point Capital LLC now owns 53,669 shares of the Internet company based in Singapore’s stock valued at $17,106,000 after purchasing an additional 1,537 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of SEA by 58.6% in the 4th quarter. Northern Trust Corp now owns 669,831 shares of the Internet company based in Singapore’s stock valued at $149,848,000 after purchasing an additional 247,552 shares in the last quarter. 90.71% of the stock is currently owned by hedge funds and other institutional investors.

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

See Also