Wedbush Boosts SEA (NYSE:SE) Price Target to $200.00

SEA (NYSE:SE) had its target price boosted by investment analysts at Wedbush from $170.00 to $200.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has an “outperform” rating on the Internet company based in Singapore’s stock. Wedbush’s price target suggests a potential upside of 14.77% from the stock’s previous close.

SE has been the subject of a number of other reports. Macquarie restated an “outperform” rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a report on Tuesday. Bank of America cut shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Friday, May 9th. Loop Capital restated a “buy” rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.49.

SEA Price Performance

Shares of NYSE SE opened at $174.26 on Wednesday. SEA has a twelve month low of $75.67 and a twelve month high of $181.76. The firm has a fifty day simple moving average of $156.61 and a 200 day simple moving average of $141.99. The company has a market capitalization of $102.66 billion, a PE 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.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas grew its holdings in shares of SEA by 34.9% during the second quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore’s stock valued at $4,624,000 after buying an additional 7,480 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of SEA by 14.4% during the second quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after buying an additional 70,070 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of SEA during the second quarter valued at about $50,000. Intellus Advisors LLC acquired a new position in shares of SEA during the second quarter valued at about $240,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of SEA by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore’s stock valued at $27,024,000 after buying an additional 2,106 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.