SEA (NYSE:SE) Upgraded at Loop Capital

SEA (NYSE:SE) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $92.00 price target on the Internet company based in Singapore’s stock, up from their prior price target of $59.00. Loop Capital’s price target points to a potential upside of 48.32% from the company’s previous close.

A number of other analysts also recently commented on SE. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $70.00 in a report on Monday. Wedbush boosted their price target on shares of SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Sanford C. Bernstein boosted their price target on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Morgan Stanley upgraded shares of SEA from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a report on Monday. Finally, Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.00.

SEA Stock Up 4.4 %

NYSE SE opened at $62.03 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The company’s 50 day simple moving average is $53.04 and its 200 day simple moving average is $44.65. SEA has a 12 month low of $34.35 and a 12 month high of $88.39. The company has a market capitalization of $35.03 billion, a P/E ratio of 258.46 and a beta of 1.50.

SEA (NYSE:SE) last released its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts expect that SEA will post 1.03 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several large investors have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd grew its position in SEA by 3.9% in the first quarter. IFM Investors Pty Ltd now owns 72,382 shares of the Internet company based in Singapore’s stock worth $3,888,000 after acquiring an additional 2,709 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of SEA by 42.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,220,930 shares of the Internet company based in Singapore’s stock worth $65,576,000 after buying an additional 363,694 shares during the period. Wasatch Advisors LP boosted its holdings in shares of SEA by 3.2% during the 1st quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock worth $82,955,000 after buying an additional 48,273 shares during the period. Matthews International Capital Management LLC bought a new stake in shares of SEA during the 1st quarter worth $16,737,000. Finally, Gulf International Bank UK Ltd boosted its holdings in shares of SEA by 0.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 28,745 shares of the Internet company based in Singapore’s stock worth $1,543,000 after buying an additional 258 shares during the period. 59.53% of the stock is owned by institutional investors.

About SEA

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 eSports operations.