SEA (NYSE:SE) Raised to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of SEA (NYSE:SE) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat reports. Morgan Stanley currently has $70.00 price target on the Internet company based in Singapore’s stock, up from their prior price target of $65.00.

A number of other brokerages also recently weighed in on SE. Citigroup upgraded SEA from a neutral rating to a buy rating and lifted their target price for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. JPMorgan Chase & Co. upgraded SEA from a neutral rating to an overweight rating and lifted their target price for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Daiwa Capital Markets upgraded SEA from a neutral rating to a buy rating in a report on Friday, February 2nd. Benchmark lifted their target price on SEA from $65.00 to $78.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Finally, Sanford C. Bernstein lifted their target price on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $70.00.

SEA Price Performance

Shares of SE opened at $63.27 on Monday. SEA has a 1 year low of $34.35 and a 1 year high of $88.39. 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 has a market capitalization of $35.73 billion, a price-to-earnings ratio of 263.63 and a beta of 1.50. The business has a 50-day moving average of $53.44 and a 200-day moving average of $44.79.

SEA (NYSE:SE) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (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 company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the business earned $0.72 earnings per share. SEA’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that SEA will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. boosted its position in shares of SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after buying an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC grew its stake in SEA by 3.5% in the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after purchasing an additional 542,996 shares during the period. Norges Bank bought a new position in SEA in the 4th quarter valued at $640,219,000. Ward Ferry Management BVI Ltd grew its stake in SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock valued at $194,234,000 after purchasing an additional 514,455 shares during the period. Finally, Kora Management LP grew its stake in SEA by 0.7% in the 4th quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock valued at $171,619,000 after purchasing an additional 28,000 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.