Arete Research Downgrades SEA (NYSE:SE) to Hold

SEA (NYSE:SE) was downgraded by analysts at Arete Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on SE. Arete downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $177.00 price target on the stock. in a research report on Wednesday. Barclays increased their price target on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Bank of America cut SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Benchmark lifted their price objective on SEA from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded SEA from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.99.

SEA Trading Up 4.7%

NYSE:SE opened at $189.57 on Wednesday. The firm has a market capitalization of $111.68 billion, a price-to-earnings ratio of 98.22 and a beta of 1.53. The business’s 50-day moving average price is $164.29 and its two-hundred day moving average price is $147.87. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. SEA has a 1-year low of $75.91 and a 1-year high of $190.75.

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 for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The business’s revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. On average, equities analysts expect that SEA will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Several institutional investors have recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares in the last quarter. Jennison Associates LLC bought a new position in shares of SEA during the 1st quarter worth approximately $336,521,000. Fred Alger Management LLC grew its stake in shares of SEA by 144.6% during the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock worth $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Scge Management L.P. grew its stake in shares of SEA by 137.6% during the 1st quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock worth $281,858,000 after acquiring an additional 1,251,000 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of SEA during the 1st quarter worth approximately $162,796,000. Institutional investors own 59.53% of the company’s stock.

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.