Benchmark Reiterates “Buy” Rating for SEA (NYSE:SE)

SEA (NYSE:SE)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a report released on Monday, Benzinga reports. They currently have a $78.00 price target on the Internet company based in Singapore’s stock. Benchmark’s target price points to a potential upside of 19.72% from the stock’s previous close.

A number of other analysts also recently weighed in on SE. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Sanford C. Bernstein raised their target price on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Loop Capital raised shares of SEA from a “hold” rating to a “buy” rating and upped their price target for the stock from $59.00 to $92.00 in a report on Wednesday, April 24th. HSBC increased their price target on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $70.00 in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.21.

SEA Trading Down 1.5 %

SE stock opened at $65.15 on Monday. SEA has a 52 week low of $34.35 and a 52 week high of $88.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The company’s 50-day simple moving average is $57.33 and its 200 day simple moving average is $46.14. The company has a market capitalization of $36.79 billion, a PE ratio of 271.46 and a beta of 1.43.

SEA (NYSE:SE) last announced its earnings results 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 business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SEA will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Sei Investments Co. grew its holdings in shares of SEA by 6.6% during the first quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore’s stock worth $41,122,000 after purchasing an additional 47,150 shares during the last quarter. Susquehanna International Group Ltd. acquired a new stake in SEA during the 1st quarter worth approximately $962,000. Forsta AP Fonden grew its holdings in SEA by 2.5% during the 1st quarter. Forsta AP Fonden now owns 114,800 shares of the Internet company based in Singapore’s stock worth $6,166,000 after acquiring an additional 2,800 shares during the last quarter. Highland Capital Management LLC acquired a new position in SEA in the 1st quarter valued at approximately $261,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of SEA by 2.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,164 shares of the Internet company based in Singapore’s stock valued at $2,694,000 after acquiring an additional 1,405 shares during the last quarter. Institutional investors and hedge funds 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 promotes eSports operations.