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

SEA (NYSE:SE) had its price objective lifted by Benchmark from $94.00 to $130.00 in a report published on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the Internet company based in Singapore’s stock.

Several other research firms have also recently commented on SE. Bank of America lifted their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Barclays lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Citigroup lowered their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.69.

SEA Price Performance

Shares of NYSE SE opened at $104.88 on Wednesday. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The stock has a market cap of $60.03 billion, a price-to-earnings ratio of 699.20 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The firm’s 50-day simple moving average is $92.92 and its 200 day simple moving average is $78.88.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business earned ($0.26) EPS. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. As a group, research analysts anticipate that SEA will post 0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SE. Rosenberg Matthew Hamilton grew its position in shares of SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new position in SEA in the second quarter worth $32,000. Truvestments Capital LLC purchased a new position in SEA in the third quarter worth $41,000. Hexagon Capital Partners LLC grew its position in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in SEA in the third quarter worth $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.