SEA (NYSE:SE) Upgraded at Wall Street Zen

SEA (NYSE:SE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

A number of other equities analysts also recently commented on SE. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Barclays boosted their target price on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Benchmark increased their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Wedbush restated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $153.17.

SEA Trading Up 0.5%

Shares of SE opened at $159.38 on Monday. The stock's 50-day moving average price is $151.97 and its 200 day moving average price is $131.70. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $93.89 billion, a price-to-earnings ratio of 112.24 and a beta of 1.64. SEA has a 12-month low of $55.00 and a 12-month high of $172.65.

SEA (NYSE:SE - Get Free Report) last released 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 firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The business's revenue for the quarter was up 29.6% on a year-over-year basis. As a group, research analysts predict that SEA will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in SEA by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock worth $30,892,000 after purchasing an additional 19,411 shares during the period. Brucke Financial Inc. bought a new position in shares of SEA in the 4th quarter valued at about $211,000. Sowell Financial Services LLC acquired a new stake in shares of SEA during the 1st quarter worth approximately $216,000. Assenagon Asset Management S.A. raised its stake in shares of SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after buying an additional 476 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of SEA by 46.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore's stock worth $1,980,000 after buying an additional 5,918 shares during the last quarter. 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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