Benchmark Reaffirms Buy Rating for SEA (NYSE:SE)

SEA (NYSE:SE)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a note issued to investors on Monday, Benzinga reports. They currently have a $78.00 price objective on the Internet company based in Singapore’s stock. Benchmark’s target price points to a potential upside of 19.72% from the company’s previous close.

Several other analysts have also commented on SE. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Wedbush raised their price objective on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Sanford C. Bernstein increased their price target on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, Morgan Stanley upgraded shares of SEA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.21.

SEA Stock Down 1.5 %

SE stock opened at $65.15 on Monday. The company has a market capitalization of $36.79 billion, a P/E ratio of 271.46 and a beta of 1.43. SEA has a 12 month low of $34.35 and a 12 month high of $88.39. The firm’s fifty day simple moving average is $57.33 and its 200-day simple moving average is $46.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43.

SEA (NYSE:SE) last posted its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, equities research analysts forecast that SEA will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SE. Baillie Gifford & Co. raised its holdings in shares of SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after acquiring an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC raised its stake in SEA by 3.5% in the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after purchasing an additional 542,996 shares during the last quarter. Norges Bank purchased a new position in SEA in the 4th quarter valued at $640,219,000. Ward Ferry Management BVI Ltd lifted its holdings in SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock valued at $194,234,000 after purchasing an additional 514,455 shares in the last quarter. Finally, Kora Management LP boosted its stake in SEA by 0.7% during the 4th quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after purchasing an additional 28,000 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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 promotes eSports operations.