SEA (NYSE:SE) Stock Rating Upgraded by Loop Capital

Loop Capital upgraded shares of SEA (NYSE:SE) from a hold rating to a buy rating in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have $92.00 price objective on the Internet company based in Singapore’s stock, up from their previous price objective of $59.00.

Several other equities analysts have also recently issued reports on SE. Wedbush boosted their price objective on SEA from $45.00 to $72.00 and gave the company an outperform rating in a report on Tuesday, March 5th. Daiwa Capital Markets raised SEA from a neutral rating to a buy rating in a report on Friday, February 2nd. HSBC boosted their price objective on SEA from $70.00 to $76.00 and gave the company a buy rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and boosted their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Finally, Citigroup raised SEA from a neutral rating to a buy rating and boosted their price objective for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $70.00.

SEA Stock Up 2.0 %

SEA stock opened at $63.27 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The business’s 50-day simple moving average is $53.44 and its two-hundred day simple moving average is $44.79. The company has a market cap of $35.73 billion, a PE ratio of 263.63 and a beta of 1.50. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39.

SEA (NYSE:SE) last posted its quarterly 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). The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities analysts anticipate that SEA will post 0.72 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently made changes to their positions in SE. Sunbelt Securities Inc. raised its holdings 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 valued at $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. raised its holdings 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 valued at $32,000 after acquiring an additional 327 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 509 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of SEA by 90.7% during the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after acquiring an additional 485 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

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.