SEA (NYSE:SE) Stock Price Up 2.8% on Analyst Upgrade

Sea Limited (NYSE:SEGet Rating) rose 2.8% on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $70.00 to $75.00. The stock traded as high as $60.67 and last traded at $60.38. Approximately 41,897 shares traded hands during trading, a decline of 99% from the average daily volume of 7,819,540 shares. The stock had previously closed at $58.76.

SE has been the subject of several other reports. Bank of America decreased their target price on shares of SEA from $115.00 to $105.00 in a research report on Wednesday, August 17th. Cowen decreased their target price on shares of SEA from $106.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday. China Renaissance decreased their target price on shares of SEA from $100.00 to $94.00 in a research report on Tuesday, November 1st. Daiwa Capital Markets downgraded shares of SEA from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 17th. Finally, Barclays decreased their target price on shares of SEA from $114.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.27.

Institutional Trading of SEA

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in SEA by 7.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,871 shares of the Internet company based in Singapore’s stock worth $1,210,000 after purchasing an additional 1,259 shares in the last quarter. Swiss National Bank lifted its stake in SEA by 10.9% in the 2nd quarter. Swiss National Bank now owns 1,509,700 shares of the Internet company based in Singapore’s stock worth $100,939,000 after purchasing an additional 148,500 shares in the last quarter. Shell Asset Management Co. lifted its stake in SEA by 87.5% in the 1st quarter. Shell Asset Management Co. now owns 20,911 shares of the Internet company based in Singapore’s stock worth $2,505,000 after purchasing an additional 9,757 shares in the last quarter. Comerica Bank lifted its stake in SEA by 63.0% in the 1st quarter. Comerica Bank now owns 24,028 shares of the Internet company based in Singapore’s stock worth $2,407,000 after purchasing an additional 9,285 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in SEA by 19.8% in the 1st quarter. Principal Financial Group Inc. now owns 51,614 shares of the Internet company based in Singapore’s stock worth $6,183,000 after purchasing an additional 8,530 shares in the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Up 2.0 %

The company’s 50 day simple moving average is $54.00 and its 200-day simple moving average is $67.35. The firm has a market capitalization of $33.43 billion, a PE ratio of -12.36 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.91 and a current ratio of 1.92.

SEA (NYSE:SEGet Rating) last issued its quarterly earnings results on Tuesday, August 16th. The Internet company based in Singapore reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($1.18) by ($0.17). The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. SEA had a negative return on equity of 39.49% and a negative net margin of 22.08%. SEA’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.83) EPS. On average, analysts forecast that Sea Limited will post -5.23 EPS for the current fiscal year.

About SEA

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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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