Morgan Stanley Upgrades SEA (NYSE:SE) to "Overweight"

Morgan Stanley upgraded shares of SEA (NYSE:SE - Free Report) from an equal weight rating to an overweight rating in a research report released on Monday, MarketBeat Ratings reports. The firm currently has $70.00 price target on the Internet company based in Singapore's stock, up from their prior price target of $65.00.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein increased their target price on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a report on Thursday, March 14th. Benchmark boosted their price objective on SEA from $65.00 to $78.00 and gave the stock a buy rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded SEA from a neutral rating to an overweight rating and raised their target price for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Bank of America raised shares of SEA from a neutral rating to a buy rating and raised their price target for the company from $62.00 to $70.00 in a report on Monday. Finally, Daiwa Capital Markets upgraded SEA from a neutral rating to a buy rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $68.31.

SEA Trading Up 7.9 %

Shares of NYSE:SE traded up $4.36 during midday trading on Monday, reaching $59.42. The company's stock had a trading volume of 11,957,971 shares, compared to its average volume of 6,572,761. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The firm has a 50 day moving average price of $53.04 and a two-hundred day moving average price of $44.65. The firm has a market capitalization of $33.56 billion, a price-to-earnings ratio of 247.58 and a beta of 1.50.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. SEA's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. As a group, analysts forecast that SEA will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Institutional investors and hedge funds have recently bought and sold shares of the business. Gulf International Bank UK Ltd lifted its holdings in SEA by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 28,745 shares of the Internet company based in Singapore's stock worth $1,543,000 after buying an additional 258 shares during the period. Maryland State Retirement & Pension System grew its stake in SEA by 2.2% in the third quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore's stock worth $546,000 after purchasing an additional 271 shares during the period. Sunbelt Securities Inc. raised its holdings in SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. lifted its position in SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock valued at $32,000 after buying an additional 327 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore's stock valued at $33,000 after buying an additional 336 shares in the last quarter. Hedge funds and other 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 eSports operations.