SEA (NYSE:SE) Upgraded to “Buy” by Loop Capital

Loop Capital upgraded shares of SEA (NYSE:SE) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage currently has $92.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $59.00.

A number of other research firms have also recently commented on SE. Sanford C. Bernstein increased their target price on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a research note on Thursday, March 14th. Morgan Stanley raised SEA from an equal weight rating to an overweight rating and increased their price objective for the company from $65.00 to $70.00 in a research report on Monday. HSBC increased their price objective on SEA from $70.00 to $76.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Benchmark increased their price objective on SEA from $65.00 to $78.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Finally, Wedbush increased their price objective on SEA from $45.00 to $72.00 and gave the company an outperform rating in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, SEA has an average rating of Moderate Buy and a consensus target price of $70.00.

SEA Trading Up 2.0 %

NYSE SE opened at $63.27 on Wednesday. SEA has a 12 month low of $34.35 and a 12 month high of $88.39. The stock has a market cap of $35.73 billion, a P/E ratio of 263.63 and a beta of 1.50. The stock’s fifty day moving average price is $53.44 and its 200-day moving average price is $44.79. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that SEA will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its stake in shares of SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after buying an additional 8,045,977 shares during the period. Sands Capital Management LLC raised its stake in shares of SEA by 3.5% in the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after buying an additional 542,996 shares during the period. Norges Bank bought a new position in shares of SEA in the fourth quarter worth about $640,219,000. Ward Ferry Management BVI Ltd raised its stake in shares of SEA by 13.2% in the third quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock worth $194,234,000 after buying an additional 514,455 shares during the period. Finally, Kora Management LP raised its stake in shares of SEA by 0.7% in the fourth quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after buying an additional 28,000 shares during the period. Institutional investors own 59.53% of the company’s stock.

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 eSports operations.