SEA (NYSE:SE) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• SEA has been assigned a "hold (C-)" rating by Weiss Ratings, indicating a cautious outlook on the stock's performance.
• Despite the recent downgrade, Barclays raised its target price on SEA from $200.00 to $214.00, reflecting ongoing positive sentiment from other analysts.
• The company reported $0.65 EPS for its latest quarter, missing estimates by $0.38, although it achieved a revenue of $5.26 billion, surpassing expectations.

SEA (NYSE:SE - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on the stock. Barclays raised their target price on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Macquarie reaffirmed an "outperform" rating and set a $219.90 price objective (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Wedbush lifted their price objective on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, Arete Research cut SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $176.85.

SEA Trading Down 0.8%

NYSE:SE traded down $1.47 during mid-day trading on Tuesday, reaching $181.13. 1,517,102 shares of the company's stock traded hands, compared to its average volume of 4,402,352. SEA has a 12-month low of $92.50 and a 12-month high of $199.30. The firm has a market capitalization of $106.70 billion, a price-to-earnings ratio of 93.68 and a beta of 1.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The company has a 50 day moving average price of $181.82 and a 200-day moving average price of $159.10.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. SEA's revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. On average, sell-side analysts predict that SEA will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after purchasing an additional 279 shares during the last quarter. Zurich Insurance Group Ltd FI grew its holdings in shares of SEA by 4.7% in the first quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore's stock worth $23,071,000 after acquiring an additional 7,870 shares during the period. Plato Investment Management Ltd grew its stake in shares of SEA by 30.4% during the 1st quarter. Plato Investment Management Ltd now owns 9,192 shares of the Internet company based in Singapore's stock valued at $1,212,000 after purchasing an additional 2,141 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of SEA by 309.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore's stock valued at $280,000 after purchasing an additional 1,622 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Company Profile

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.

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