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

SEA (NYSE:SE) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on SE. Arete lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $177.00 price objective on the stock. in a research note on Wednesday, September 3rd. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and raised their price target for the company from $206.00 to $215.00 in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Tuesday, October 14th. Zacks Research raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Macquarie reissued an “outperform” rating and set a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $180.78.

SEA Stock Down 1.6%

SEA stock opened at $160.11 on Friday. SEA has a 1-year low of $92.50 and a 1-year high of $199.30. The firm has a market capitalization of $94.32 billion, a price-to-earnings ratio of 82.96 and a beta of 1.54. The firm’s fifty day moving average price is $183.25 and its two-hundred day moving average price is $160.14. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period last year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. On average, equities research analysts predict that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of large investors have recently added to or reduced their stakes in the stock. Ethic Inc. increased its holdings in SEA by 19.9% during the third quarter. Ethic Inc. now owns 3,613 shares of the Internet company based in Singapore’s stock worth $646,000 after buying an additional 600 shares during the last quarter. Burns Matteson Capital Management LLC increased its holdings in SEA by 19.6% during the third quarter. Burns Matteson Capital Management LLC now owns 1,908 shares of the Internet company based in Singapore’s stock worth $341,000 after buying an additional 313 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in SEA by 24.7% during the third quarter. Farther Finance Advisors LLC now owns 4,849 shares of the Internet company based in Singapore’s stock worth $867,000 after buying an additional 960 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in SEA during the third quarter worth about $29,000. Finally, GAMMA Investing LLC increased its holdings in SEA by 4.8% during the third quarter. GAMMA Investing LLC now owns 3,112 shares of the Internet company based in Singapore’s stock worth $556,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

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.