SEA (NYSE:SE) Cut to "Hold" at Wall Street Zen

SEA (NYSE:SE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Barclays lifted their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Benchmark lifted their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Loop Capital reiterated a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Finally, Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $153.17.

SEA Stock Down 0.8%

SE stock traded down $1.24 during mid-day trading on Friday, hitting $148.16. 2,875,024 shares of the company were exchanged, compared to its average volume of 4,349,204. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The firm has a market cap of $87.28 billion, a P/E ratio of 104.34 and a beta of 1.60. The firm's 50 day simple moving average is $156.46 and its 200 day simple moving average is $134.08. SEA has a 1-year low of $55.00 and a 1-year high of $172.65.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business earned ($0.04) earnings per share. SEA's revenue for the quarter was up 29.6% on a year-over-year basis. On average, sell-side analysts predict that SEA will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in SE. Smithfield Trust Co acquired a new position in SEA during the first quarter worth $25,000. Sava Infond d.o.o. acquired a new position in SEA during the first quarter worth $26,000. Tradewinds Capital Management LLC boosted its position in SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares during the period. Inlight Wealth Management LLC bought a new position in SEA during the first quarter worth $28,000. Finally, Fifth Third Bancorp boosted its position in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.