Benchmark Reiterates Buy Rating for SEA (NYSE:SE)

Benchmark restated their buy rating on shares of SEA (NYSE:SE - Free Report) in a research report report published on Monday, Benzinga reports. The firm currently has a $78.00 price target on the Internet company based in Singapore's stock.

Several other research firms also recently commented on SE. Loop Capital raised SEA from a hold rating to a buy rating and upped their target price for the company from $59.00 to $92.00 in a research report on Wednesday, April 24th. Morgan Stanley raised SEA from an equal weight rating to an overweight rating and lifted their target price for the stock from $65.00 to $70.00 in a report on Monday, April 22nd. Barclays upped their price target on shares of SEA from $68.00 to $85.00 and gave the company an overweight rating in a research note on Friday. JPMorgan Chase & Co. upgraded shares of SEA from a neutral rating to an overweight rating and lifted their price objective for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Finally, Bank of America raised SEA from a neutral rating to a buy rating and raised their price objective for the company from $62.00 to $70.00 in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $71.21.

SEA Trading Down 0.8 %

NYSE:SE traded down $0.54 during mid-day trading on Monday, hitting $66.12. The company had a trading volume of 5,784,872 shares, compared to its average volume of 6,485,831. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The business's fifty day moving average is $56.96 and its two-hundred day moving average is $45.99. The firm has a market cap of $37.34 billion, a P/E ratio of 275.50 and a beta of 1.43.

SEA (NYSE:SE - Get Free Report) last released 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 net margin of 1.27% and a return on equity of 2.54%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $0.72 EPS. SEA's revenue was up 5.7% compared to the same quarter last year. As a group, research analysts expect that SEA will post 0.75 earnings per share for the current year.

Institutional Trading of SEA

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after buying an additional 320 shares in the last quarter. UMB Bank n.a. increased its stake in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock worth $32,000 after purchasing an additional 327 shares in the last quarter. GAMMA Investing LLC lifted its position in SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore's stock valued at $33,000 after purchasing an additional 336 shares in the last quarter. Blue Trust Inc. increased its position in SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock worth $36,000 after buying an additional 509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of SEA by 90.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore's stock worth $45,000 after buying an additional 485 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.