SEA (NYSE:SE) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SEA (NYSE:SEFree Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Wedbush reaffirmed an “outperform” rating on shares of SEA in a research report on Wednesday, May 14th. Benchmark lifted their price target on SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, Bank of America cut SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.15.

Get Our Latest Stock Report on SEA

SEA Stock Performance

SEA stock opened at $154.47 on Friday. SEA has a 12-month low of $55.00 and a 12-month high of $172.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market capitalization of $91.00 billion, a price-to-earnings ratio of 1,029.79 and a beta of 1.64. The firm’s fifty day moving average price is $144.15 and its 200 day moving average price is $128.71.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted ($0.04) EPS. The company’s revenue was up 29.6% compared to the same quarter last year. On average, research analysts forecast that SEA will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in the stock. Sheets Smith Investment Management bought a new stake in shares of SEA during the first quarter valued at approximately $1,053,000. Strs Ohio acquired a new stake in SEA in the 1st quarter valued at approximately $6,970,000. Addison Capital Co increased its position in SEA by 1.4% in the 1st quarter. Addison Capital Co now owns 39,889 shares of the Internet company based in Singapore’s stock valued at $5,205,000 after acquiring an additional 568 shares during the period. Acadian Asset Management LLC raised its stake in SEA by 8.0% during the 1st quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore’s stock valued at $623,355,000 after acquiring an additional 354,158 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in SEA by 309.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore’s stock worth $280,000 after acquiring an additional 1,622 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

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Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.

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Analyst Recommendations for SEA (NYSE:SE)

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