SEA (NYSE:SE) Stock Price Expected to Rise, Benchmark Analyst Says

SEA (NYSE:SE) had its price objective increased by research analysts at Benchmark from $180.00 to $205.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s target price suggests a potential upside of 17.64% from the company’s current price.

Several other equities analysts have also issued reports on SE. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Loop Capital reissued a “buy” rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Macquarie reaffirmed an “outperform” rating and issued a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $173.49.

SEA Price Performance

Shares of SE stock opened at $174.26 on Wednesday. SEA has a 12-month low of $75.67 and a 12-month high of $181.76. The firm has a market capitalization of $102.66 billion, a price-to-earnings ratio of 90.29 and a beta of 1.58. The company has a quick ratio of 1.49, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $156.61 and a 200-day moving average of $141.99.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the firm earned $0.14 EPS. SEA’s quarterly revenue was up 38.2% on a year-over-year basis. On average, equities research analysts forecast that SEA will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Raymond James Financial Inc. bought a new stake in SEA during the 4th quarter worth about $19,247,000. Townsquare Capital LLC lifted its position in SEA by 26.1% during the 4th quarter. Townsquare Capital LLC now owns 27,015 shares of the Internet company based in Singapore’s stock worth $2,866,000 after buying an additional 5,591 shares in the last quarter. Mariner LLC raised its holdings in shares of SEA by 3.8% in the 4th quarter. Mariner LLC now owns 37,637 shares of the Internet company based in Singapore’s stock valued at $3,994,000 after purchasing an additional 1,386 shares during the period. NewEdge Advisors LLC raised its holdings in shares of SEA by 9.2% in the 4th quarter. NewEdge Advisors LLC now owns 14,266 shares of the Internet company based in Singapore’s stock valued at $1,514,000 after purchasing an additional 1,200 shares during the period. Finally, Wasatch Advisors LP raised its holdings in shares of SEA by 5.6% in the 4th quarter. Wasatch Advisors LP now owns 1,624,984 shares of the Internet company based in Singapore’s stock valued at $172,411,000 after purchasing an additional 86,181 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.