SEA (NYSE:SE) Upgraded at Zacks Research

Zacks Research upgraded shares of SEA (NYSE:SE) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on SE. Macquarie reiterated an “outperform” rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Barclays boosted their price target on SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Arete Research downgraded SEA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Wedbush boosted their price target on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $176.85.

SEA Stock Performance

NYSE SE opened at $163.64 on Monday. The business’s 50-day moving average price is $182.73 and its 200 day moving average price is $159.28. SEA has a twelve month low of $92.50 and a twelve month high of $199.30. The company has a market capitalization of $96.40 billion, a PE ratio of 84.79 and a beta of 1.54. 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 (NYSE:SE) last released its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The business had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5 billion. During the same quarter last year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. On average, research analysts predict 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 modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of SEA by 2,082.7% in the first 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 buying an additional 27,448,779 shares during the period. Acadian Asset Management LLC boosted its position in shares of SEA by 8.0% in the first quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore’s stock worth $623,355,000 after buying an additional 354,158 shares during the period. Kontiki Capital Management HK Ltd. boosted its position in shares of SEA by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore’s stock worth $442,167,000 after buying an additional 111,400 shares during the period. Northern Trust Corp boosted its position in shares of SEA by 9.3% in the first quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore’s stock worth $420,140,000 after buying an additional 273,366 shares during the period. Finally, Fred Alger Management LLC boosted its position in shares of SEA by 144.6% in the first 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 buying an additional 1,528,301 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

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.