Wedbush Reaffirms “Outperform” Rating for SEA (NYSE:SE)

SEA (NYSE:SE)‘s stock had its “outperform” rating restated by Wedbush in a report issued on Monday, RTT News reports. They currently have a $105.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $84.00. Wedbush’s target price would suggest a potential upside of 9.66% from the stock’s previous close.

SE has been the subject of several other reports. Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. TD Cowen boosted their target price on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Benchmark increased their target price on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Bank of America increased their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Stock Performance

SEA stock opened at $95.75 on Monday. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $101.93. The stock’s 50 day simple moving average is $90.18 and its two-hundred day simple moving average is $77.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market cap of $54.80 billion, a price-to-earnings ratio of -271.80 and a beta of 1.52.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, analysts expect that SEA will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares during the period. SOA Wealth Advisors LLC. bought a new position in SEA in the second quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its stake in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the last quarter. Canton Hathaway LLC grew its position in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after acquiring an additional 200 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of SEA by 69.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock worth $120,000 after purchasing an additional 520 shares in the last quarter. 59.53% of the stock is owned by 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.