TD Cowen Has Lowered Expectations for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE) had its target price lowered by analysts at TD Cowen from $165.00 to $144.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the Internet company based in Singapore’s stock. TD Cowen’s price objective would suggest a potential upside of 1.27% from the company’s current price.

Several other research analysts have also recently commented on the stock. Barclays boosted their price target on shares of SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Wedbush increased their target price on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Sanford C. Bernstein decreased their price target on SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Morgan Stanley set a $209.00 price objective on SEA in a research report on Wednesday, October 22nd. Finally, Arete Research lowered SEA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $186.59.

SEA Trading Down 8.3%

NYSE:SE opened at $142.19 on Monday. SEA has a 12-month low of $99.50 and a 12-month high of $199.30. The firm has a market cap of $83.77 billion, a PE ratio of 73.67 and a beta of 1.55. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $175.65 and a 200 day moving average price of $165.20.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same period in the prior year, the business earned $0.24 EPS. SEA’s revenue for the quarter was up 38.3% on a year-over-year basis. Sell-side analysts anticipate that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Several large investors have recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC purchased a new position in SEA during the 1st quarter worth $336,521,000. Fred Alger Management LLC increased its stake in 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 valued at $337,340,000 after purchasing an additional 1,528,301 shares during the period. Scge Management L.P. raised its holdings in shares of SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock valued at $281,858,000 after buying an additional 1,251,000 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of SEA during the first quarter worth about $162,796,000. 59.53% of the stock is 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.