SEA (NYSE:SE) Rating Lowered to Neutral at Arete

Key Points

• Arete downgraded SEA (NYSE:SE) from a "buy" rating to a "neutral" rating with a price target of $177.00, suggesting a potential downside of 0.87% from its current price.
• JPMorgan Chase raised SEA's rating to "overweight" with a new price target of $190.00, while Bank of America also downgraded it to "neutral" with a target of $160.00.
• SEA reported earnings of $0.65 per share, missing estimates of $1.03, but achieved a revenue of $5.26 billion, surpassing expectations and marking a 38.2% increase from the previous year.

SEA (NYSE:SE - Get Free Report) was downgraded by equities researchers at Arete from a "buy" rating to a "neutral" rating in a report issued on Wednesday,Finviz reports. They currently have a $177.00 price objective on the Internet company based in Singapore's stock. Arete's price target suggests a potential downside of 0.87% from the company's current price.

SE has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $190.00 in a research note 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. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Benchmark lifted their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA Stock Performance

Shares of SE opened at $178.56 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. SEA has a twelve month low of $75.67 and a twelve month high of $190.75. The firm's 50 day moving average price is $163.17 and its two-hundred day moving average price is $147.26. The firm has a market cap of $105.19 billion, a P/E ratio of 92.52 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the previous year, the firm posted $0.14 EPS. The business's quarterly revenue was up 38.2% compared to the same quarter last year. On average, analysts forecast 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. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of SEA in the first quarter valued at $336,521,000. Fred Alger Management LLC increased its holdings in shares of SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after purchasing an additional 1,528,301 shares during the last quarter. Scge Management L.P. increased its holdings in shares of SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock valued at $281,858,000 after purchasing an additional 1,251,000 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of SEA in the first quarter valued at $162,796,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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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