SEA (NYSE:SE) Price Target Increased to $75.00 by Analysts at Bank of America

SEA (NYSE:SEFree Report) had its target price hoisted by Bank of America from $70.00 to $75.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the Internet company based in Singapore’s stock.

A number of other brokerages have also recently issued reports on SE. Benchmark increased their target price on SEA from $78.00 to $87.00 and gave the stock a buy rating in a report on Wednesday. Morgan Stanley raised SEA from an equal weight rating to an overweight rating and raised their price target for the company from $65.00 to $70.00 in a report on Monday, April 22nd. JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and raised their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Barclays raised their price target on SEA from $68.00 to $85.00 and gave the company an overweight rating in a report on Friday, May 3rd. Finally, Wedbush reaffirmed an outperform rating and set a $72.00 price target on shares of SEA in a report on Tuesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of Moderate Buy and an average price target of $72.73.

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SEA Trading Up 3.2 %

SEA stock opened at $73.74 on Wednesday. The business has a 50 day moving average price of $59.51 and a two-hundred day moving average price of $47.48. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $42.20 billion, a price-to-earnings ratio of 1,474.80 and a beta of 1.43. SEA has a 12 month low of $34.35 and a 12 month high of $74.33.

SEA (NYSE:SEGet Free Report) last issued its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. As a group, equities analysts forecast that SEA will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SE. Gulf International Bank UK Ltd lifted its holdings in SEA by 0.9% during the first 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 acquiring an additional 258 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares during the period. UMB Bank n.a. raised its stake in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the period. GAMMA Investing LLC raised its stake in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after purchasing an additional 336 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of SEA by 4.3% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock valued at $381,000 after purchasing an additional 360 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

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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.

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