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

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

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Morgan Stanley set a $209.00 target price on shares of SEA in a research note on Wednesday. Weiss Ratings restated a "hold (c-)" rating on shares of SEA in a research note on Tuesday, October 14th. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a research note on Wednesday, September 3rd. Finally, Bank of America upgraded shares of SEA from a "neutral" rating to a "buy" rating and upped their target price for the stock from $206.00 to $215.00 in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average target price of $183.66.

SEA Stock Down 1.1%

Shares of NYSE:SE opened at $154.47 on Friday. 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 firm has a market capitalization of $91.00 billion, a PE ratio of 80.04 and a beta of 1.54. The firm's 50-day moving average is $182.31 and its two-hundred day moving average is $161.64. SEA has a 1 year low of $92.50 and a 1 year high of $199.30.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (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 analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. Analysts predict that SEA will post 0.74 EPS for the current year.

Institutional Investors Weigh In On SEA

Several large investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its holdings in shares of SEA by 12.0% in the third quarter. SOA Wealth Advisors LLC. now owns 1,400 shares of the Internet company based in Singapore's stock valued at $250,000 after acquiring an additional 150 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of SEA by 2,860.0% in the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore's stock valued at $27,000 after acquiring an additional 143 shares during the period. Ethic Inc. boosted its holdings in shares of SEA by 19.9% in the third quarter. Ethic Inc. now owns 3,613 shares of the Internet company based in Singapore's stock valued at $646,000 after acquiring an additional 600 shares during the period. Burns Matteson Capital Management LLC boosted its holdings in shares of SEA by 19.6% in the third quarter. Burns Matteson Capital Management LLC now owns 1,908 shares of the Internet company based in Singapore's stock valued at $341,000 after acquiring an additional 313 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SEA by 24.7% in the third quarter. Farther Finance Advisors LLC now owns 4,849 shares of the Internet company based in Singapore's stock valued at $867,000 after acquiring an additional 960 shares during the period. 59.53% of the stock is 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.

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