SEA (NYSE:SE) had its price objective hoisted by Piper Jaffray Companies from $49.00 to $54.00 in a research note released on Tuesday, The Fly reports. Piper Jaffray Companies currently has an overweight rating on the Internet company based in Singapore’s stock.
Several other equities analysts have also recently weighed in on SE. Zacks Investment Research cut SEA from a buy rating to a hold rating in a report on Saturday, October 26th. Credit Suisse Group set a $44.00 price target on SEA and gave the company a buy rating in a report on Wednesday, August 21st. ValuEngine cut SEA from a buy rating to a hold rating in a report on Wednesday, October 2nd. Stifel Nicolaus cut their price target on SEA from $45.00 to $40.00 and set a buy rating for the company in a report on Thursday, November 7th. Finally, Citigroup set a $38.00 price target on SEA and gave the company a buy rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $40.50.
NYSE SE traded down $0.54 during trading on Tuesday, hitting $36.38. 6,684,481 shares of the stock traded hands, compared to its average volume of 4,452,723. The company has a market capitalization of $11.51 billion, a P/E ratio of -12.29 and a beta of 1.32. The firm has a 50-day simple moving average of $29.97 and a 200-day simple moving average of $31.26. The company has a quick ratio of 1.87, a current ratio of 1.62 and a debt-to-equity ratio of 0.46. SEA has a 12-month low of $10.52 and a 12-month high of $38.00.
SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.23. The business had revenue of $763.30 million during the quarter, compared to analysts’ expectations of $700.71 million. SEA had a negative return on equity of 104.70% and a negative net margin of 86.49%. The firm’s revenue for the quarter was up 214.4% compared to the same quarter last year. During the same quarter last year, the business posted ($2.03) EPS. As a group, research analysts predict that SEA will post -3.38 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Glen Harbor Capital Management LLC purchased a new position in shares of SEA in the 2nd quarter worth approximately $68,000. Manning & Napier Group LLC boosted its holdings in shares of SEA by 70.0% in the 2nd quarter. Manning & Napier Group LLC now owns 2,802,275 shares of the Internet company based in Singapore’s stock worth $93,089,000 after purchasing an additional 1,153,575 shares during the period. Advisor Group Inc. boosted its holdings in shares of SEA by 7,676.9% in the 2nd quarter. Advisor Group Inc. now owns 55,138 shares of the Internet company based in Singapore’s stock worth $1,832,000 after purchasing an additional 54,429 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of SEA by 85.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,550 shares of the Internet company based in Singapore’s stock worth $151,000 after purchasing an additional 2,100 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in shares of SEA by 14,283.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 6,041 shares of the Internet company based in Singapore’s stock worth $200,000 after purchasing an additional 5,999 shares during the period. Hedge funds and other institutional investors own 65.13% of the company’s stock.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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