Benchmark Issues Positive Forecast for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE) had its price target raised by stock analysts at Benchmark from $94.00 to $130.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s price target suggests a potential upside of 25.82% from the stock’s current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Wedbush restated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Barclays increased their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Citigroup lowered their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Stock Performance

NYSE:SE opened at $103.32 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market cap of $59.13 billion, a PE ratio of 688.80 and a beta of 1.52. The firm has a 50 day simple moving average of $93.42 and a 200-day simple moving average of $79.05. SEA has a 1-year low of $34.35 and a 1-year high of $117.52.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.47%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted ($0.26) earnings per share. The company’s revenue was up 30.8% on a year-over-year basis. On average, equities analysts expect that SEA will post 0.77 EPS for the current year.

Institutional Trading of SEA

A number of hedge funds have recently made changes to their positions in SE. Rosenberg Matthew Hamilton increased its position in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. Truvestments Capital LLC acquired a new stake in SEA during the 3rd quarter valued at approximately $41,000. SOA Wealth Advisors LLC. purchased a new stake in SEA during the 2nd quarter worth approximately $32,000. Icon Wealth Advisors LLC acquired a new position in shares of SEA in the 3rd quarter valued at approximately $47,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares during the last quarter. Hedge funds and other 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 promotes eSports operations.