SEA (NYSE:SE) Stock Rating Upgraded by Wall Street Zen

Key Points

• SEA's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating increased confidence in the company's performance.
• Several analysts have raised their price targets for SEA, with Macquarie setting a new target at $219.90, while JPMorgan increased theirs from $135.00 to $190.00.
• In its latest earnings report, SEA missed earnings estimates but reported a 38.2% year-over-year increase in revenue, highlighting ongoing growth in its business segments.

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

Several other equities analysts have also commented on the stock. Macquarie restated an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a report on Tuesday. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Wedbush upped their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Loop Capital restated 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. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $173.49.

SEA Stock Performance

NYSE:SE opened at $177.29 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.49. The firm has a market capitalization of $104.44 billion, a price-to-earnings ratio of 91.86 and a beta of 1.58. The company's 50-day moving average is $156.85 and its two-hundred day moving average is $142.38. SEA has a 1-year low of $75.67 and a 1-year high of $181.76.

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

Institutional Trading of SEA

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC boosted its holdings in shares of SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore's stock valued at $25,000 after acquiring an additional 138 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of SEA in the first quarter valued at about $25,000. Sava Infond d.o.o. purchased a new stake in shares of SEA in the first quarter valued at about $26,000. Tradewinds Capital Management LLC boosted its holdings in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of SEA in the first quarter valued at about $28,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

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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