SEA (NYSE:SE) Raised to Buy at Loop Capital

SEA (NYSE:SE - Get Free Report) was upgraded by Loop Capital from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $92.00 price target on the Internet company based in Singapore's stock, up from their previous price target of $59.00. Loop Capital's price objective suggests a potential upside of 45.41% from the company's current price.

SE has been the topic of several other research reports. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Sanford C. Bernstein raised their target price on SEA from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, March 14th. Barclays lifted their target price on SEA from $59.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Citigroup raised SEA from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Finally, Bank of America raised SEA from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $62.00 to $70.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $70.00.

SEA Stock Performance

Shares of NYSE SE traded up $1.26 during trading hours on Wednesday, reaching $63.27. 6,307,569 shares of the stock were exchanged, compared to its average volume of 6,587,366. The firm has a market capitalization of $35.73 billion, a price-to-earnings ratio of 263.63 and a beta of 1.50. 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 52 week low of $34.35 and a 52 week high of $88.39. The stock's fifty day simple moving average is $53.44 and its 200 day simple moving average is $44.79.

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 analysts' consensus estimates of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. Sell-side analysts predict that SEA will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in SEA by 91.4% during 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 during the period. UMB Bank n.a. grew its holdings in shares of SEA by 70.9% in 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 acquiring an additional 327 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore's stock valued at $33,000 after acquiring an additional 336 shares in the last quarter. Blue Trust Inc. lifted its stake 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 valued at $36,000 after purchasing an additional 509 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 valued at $45,000 after purchasing an additional 485 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.