SEA (NYSE:SE) Rating Reiterated by Dbs Bank

SEA (NYSE:SE)‘s stock had its “hold” rating reissued by Dbs Bank in a report released on Friday, Benzinga reports. They currently have a $75.00 price target on the Internet company based in Singapore’s stock. Dbs Bank’s target price points to a potential upside of 5.01% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on SE. Barclays upped their price objective on SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $78.00 price target (down previously from $84.00) on shares of SEA in a research note on Tuesday, June 25th. Bank of America upped their target price on shares of SEA from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Benchmark lifted their price target on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price target on shares of SEA in a research report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.50.

SEA Stock Down 4.1 %

SEA stock opened at $71.42 on Friday. The company has a fifty day simple moving average of $69.74 and a 200 day simple moving average of $54.46. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. SEA has a 1-year low of $34.35 and a 1-year high of $76.60. The company has a market cap of $40.88 billion, a P/E ratio of 1,428.40 and a beta of 1.53.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the business earned $0.15 EPS. SEA’s revenue was up 22.8% on a year-over-year basis. Research analysts anticipate that SEA will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of SEA

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in SEA in the fourth quarter valued at about $640,219,000. Baillie Gifford & Co. lifted its holdings in shares of SEA by 30.8% during the 4th 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 acquiring an additional 8,045,977 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of SEA by 12,344.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after acquiring an additional 2,634,327 shares in the last quarter. Eminence Capital LP bought a new position in SEA in the fourth quarter valued at approximately $60,714,000. Finally, National Bank of Canada FI raised its position in SEA by 201.0% during the fourth quarter. National Bank of Canada FI now owns 1,907,333 shares of the Internet company based in Singapore’s stock valued at $73,337,000 after purchasing an additional 1,273,767 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

About SEA

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.