Stifel Nicolaus Cuts SEA (NYSE:SE) Price Target to $115.00

SEA (NYSE:SE – Get Rating) had its price objective dropped by analysts at Stifel Nicolaus from $160.00 to $115.00 in a report issued on Wednesday, The Fly reports. Stifel Nicolaus’ target price suggests a potential upside of 43.37% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Loop Capital started coverage on SEA in a research note on Tuesday, January 18th. They issued a “hold” rating and a $190.00 target price on the stock. HSBC dropped their price target on SEA from $150.00 to $145.00 in a research note on Wednesday, May 4th. Cowen dropped their price target on SEA from $133.00 to $115.00 in a research note on Wednesday. The Goldman Sachs Group dropped their price target on SEA from $196.00 to $190.00 in a research note on Tuesday. Finally, Sanford C. Bernstein dropped their price target on SEA from $330.00 to $250.00 in a research note on Wednesday, March 2nd. 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, SEA has a consensus rating of “Buy” and a consensus target price of $228.60.

SE opened at $80.21 on Wednesday. The business’s 50-day moving average is $100.58 and its two-hundred day moving average is $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. The firm has a market capitalization of $44.74 billion, a PE ratio of -20.94 and a beta of 1.56.

SEA (NYSE:SE – Get Rating) last posted its earnings results on Tuesday, May 17th. The Internet company based in Singapore reported ($0.80) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.06) by $0.26. SEA had a negative return on equity of 36.72% and a negative net margin of 24.64%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm earned ($0.82) earnings per share. The firm’s quarterly revenue was up 64.4% compared to the same quarter last year. As a group, sell-side analysts expect that SEA will post -3.75 EPS for the current year.

Large investors have recently made changes to their positions in the business. Ahrens Investment Partners LLC acquired a new position in shares of SEA during the 4th quarter worth approximately $28,000. Allworth Financial LP acquired a new position in shares of SEA during the 1st quarter worth approximately $30,000. Eaton Vance Management raised its stake in shares of SEA by 76.2% during the 3rd quarter. Eaton Vance Management now owns 215 shares of the Internet company based in Singapore’s stock worth $37,000 after buying an additional 93 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of SEA during the 4th quarter worth approximately $38,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SEA during the 4th quarter worth approximately $40,000. 90.71% of the stock is owned by institutional investors.

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 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.

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