SEA (NYSE:SE) Stock Price Up 4.2% After Analyst Upgrade

Sea Limited (NYSE:SE)’s stock price was up 4.2% on Thursday after Barclays raised their price target on the stock from $85.00 to $87.00. Barclays currently has an overweight rating on the stock. SEA traded as high as $72.37 and last traded at $71.52. Approximately 3,167,776 shares traded hands during trading, a decline of 52% from the average daily volume of 6,621,506 shares. The stock had previously closed at $68.64.

A number of other equities research analysts have also recently issued reports on SE. Loop Capital upgraded SEA from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $59.00 to $92.00 in a report on Wednesday, April 24th. Citigroup raised SEA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price target on shares of SEA in a research note on Wednesday. TD Cowen lifted their price objective on SEA from $52.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.73.

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Sunbelt Securities Inc. grew its position in shares of SEA by 91.4% during the 3rd 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 period. UMB Bank n.a. increased its position in SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after buying an additional 336 shares during the period. Blue Trust Inc. lifted its position in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $45,000 after acquiring an additional 485 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

The firm has a 50 day moving average price of $59.19 and a two-hundred day moving average price of $47.26. The company has a market cap of $40.88 billion, a P/E ratio of 297.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. SEA’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, analysts predict that Sea Limited will post 0.75 EPS for the current fiscal year.

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.