SEA (NYSE:SE) Upgraded to “Overweight” by Morgan Stanley

Morgan Stanley upgraded shares of SEA (NYSE:SE) from an equal weight rating to an overweight rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Morgan Stanley currently has $70.00 price objective on the Internet company based in Singapore’s stock, up from their previous price objective of $65.00.

A number of other brokerages have also issued reports on SE. Sanford C. Bernstein lifted their target price on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Thursday, March 14th. Wedbush upped their target price on SEA from $45.00 to $72.00 and gave the company an outperform rating in a research report on Tuesday, March 5th. Daiwa Capital Markets raised shares of SEA from a neutral rating to a buy rating in a research report on Friday, February 2nd. Citigroup upgraded shares of SEA from a neutral rating to a buy rating and lifted their price target for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Finally, Bank of America raised shares of SEA from a neutral rating to a buy rating and raised their price objective for the stock from $62.00 to $70.00 in a report on Monday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $68.31.

SEA Stock Up 7.9 %

NYSE SE opened at $59.42 on Monday. The stock has a market cap of $33.56 billion, a PE ratio of 247.58 and a beta of 1.50. The business has a 50 day moving average price of $53.04 and a two-hundred day moving average price of $44.65. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company posted $0.72 earnings per share. SEA’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that SEA will post 1.01 EPS for the current fiscal year.

Institutional Trading of SEA

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after purchasing an additional 336 shares during the period. Sunbelt Securities Inc. grew its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. grew its position in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after acquiring an additional 327 shares during the last quarter. Blue Trust Inc. lifted its position in SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in SEA by 90.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after purchasing an additional 485 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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 eSports operations.