TD Cowen Forecasts Strong Price Appreciation for SEA (NYSE:SE) Stock

SEA (NYSE:SE) had its price objective upped by TD Cowen from $69.00 to $100.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a hold rating on the Internet company based in Singapore’s stock.

Other equities research analysts have also recently issued reports about the company. Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Barclays lifted their price objective on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Wedbush reissued an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.54.

SEA Trading Down 0.4 %

SE stock opened at $102.94 on Wednesday. The firm has a fifty day moving average price of $93.93 and a 200 day moving average price of $79.43. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The firm has a market cap of $58.92 billion, a PE ratio of 686.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.26) earnings per share. Sell-side analysts anticipate that SEA will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Rosenberg Matthew Hamilton raised its holdings in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of SEA in the 2nd quarter valued at about $32,000. Truvestments Capital LLC purchased a new stake in shares of SEA in the 3rd quarter worth approximately $41,000. Hexagon Capital Partners LLC boosted its stake in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in SEA during the third quarter valued at approximately $47,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.