Bank of America Raises SEA (NYSE:SE) Price Target to $174.00

SEA (NYSE:SE) had its price target increased by Bank of America from $164.00 to $174.00 in a research report sent to investors on Wednesday morning, Anlyst Ratings reports. Bank of America currently has a neutral rating on the Internet company based in Singapore’s stock.

A number of other research analysts also recently weighed in on the stock. UBS Group raised their price target on shares of SEA from $200.00 to $215.00 and gave the company a buy rating in a report on Wednesday. Macquarie initiated coverage on shares of SEA in a report on Thursday, August 13th. They set an underperform rating on the stock. Piper Sandler raised their price target on shares of SEA from $166.00 to $200.00 and gave the company an overweight rating in a report on Wednesday. Cowen raised their price target on shares of SEA from $77.00 to $150.00 and gave the company an outperform rating in a report on Monday, August 17th. Finally, ValuEngine upgraded shares of SEA from a hold rating to a buy rating in a report on Thursday, October 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $158.92.

Shares of NYSE:SE opened at $183.11 on Wednesday. The firm has a fifty day moving average of $168.24 and a two-hundred day moving average of $128.10. The firm has a market capitalization of $59.88 billion, a P/E ratio of -74.13 and a beta of 1.44. SEA has a 12-month low of $35.30 and a 12-month high of $187.75. The company has a quick ratio of 1.74, a current ratio of 1.76 and a debt-to-equity ratio of 2.36.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 17th. The Internet company based in Singapore reported ($0.69) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.05. SEA had a negative net margin of 39.03% and a negative return on equity of 107.94%. During the same quarter in the prior year, the company posted ($0.41) EPS. Equities research analysts expect that SEA will post -3.06 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of SE. Nikko Asset Management Americas Inc. increased its holdings in shares of SEA by 88.7% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 2,426,768 shares of the Internet company based in Singapore’s stock worth $379,183,000 after purchasing an additional 1,140,409 shares during the period. GQG Partners LLC boosted its position in shares of SEA by 25.4% during the 2nd quarter. GQG Partners LLC now owns 4,156,522 shares of the Internet company based in Singapore’s stock valued at $445,790,000 after acquiring an additional 841,778 shares in the last quarter. ARK Investment Management LLC boosted its position in shares of SEA by 314.5% during the 3rd quarter. ARK Investment Management LLC now owns 1,004,874 shares of the Internet company based in Singapore’s stock valued at $154,791,000 after acquiring an additional 762,438 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of SEA by 54.5% during the 3rd quarter. William Blair Investment Management LLC now owns 2,142,572 shares of the Internet company based in Singapore’s stock valued at $330,065,000 after acquiring an additional 756,052 shares in the last quarter. Finally, Wasatch Advisors Inc. acquired a new stake in shares of SEA during the 2nd quarter valued at about $77,039,000. Institutional investors own 72.83% of the company’s stock.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features , such as user chat and online forums.

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Analyst Recommendations for SEA (NYSE:SE)

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