SEA (NYSE:SE) Given “Hold (C-)” Rating at Weiss Ratings

Weiss Ratings reaffirmed their hold (c-) rating on shares of SEA (NYSE:SE) in a research report report published on Tuesday,Weiss Ratings reports.

SE has been the topic of a number of other research reports. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Wedbush lifted their price target on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Arete Research lowered shares of SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price target on shares of SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Barclays lifted their price target on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.85.

SEA Stock Down 1.0%

SE stock opened at $180.77 on Tuesday. The stock has a market capitalization of $106.49 billion, a P/E ratio of 93.66 and a beta of 1.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. SEA has a one year low of $92.50 and a one year high of $199.30. The company has a 50 day moving average price of $182.42 and a two-hundred day moving average price of $159.25.

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

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in SEA by 24.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,849 shares of the Internet company based in Singapore’s stock worth $867,000 after buying an additional 960 shares during the period. Sound Income Strategies LLC purchased a new stake in SEA during the 3rd quarter worth $29,000. GAMMA Investing LLC increased its stake in SEA by 4.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,112 shares of the Internet company based in Singapore’s stock worth $556,000 after buying an additional 142 shares during the period. Park National Corp OH increased its stake in SEA by 14.5% during the 3rd quarter. Park National Corp OH now owns 3,746 shares of the Internet company based in Singapore’s stock worth $670,000 after buying an additional 475 shares during the period. Finally, Amiral Gestion increased its stake in SEA by 1.3% during the 2nd quarter. Amiral Gestion now owns 40,500 shares of the Internet company based in Singapore’s stock worth $6,478,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds 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.