SEA (NYSE:SE) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• SEA has been upgraded to a "Buy" rating by Wall Street Zen, reflecting positive investor sentiment following a research note issued over the weekend.
• Analysts have varied opinions on SEA, with target prices ranging from $177 to $230, and a consensus rating of "Moderate Buy" with an average target price of $180.78.
• Despite missing earnings expectations with $0.65 EPS compared to an estimated $1.03, SEA reported a revenue increase of 38.2% year-over-year.

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

Several other research firms have also recently commented on SE. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday, September 3rd. Benchmark boosted their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of SEA in a report on Tuesday. Wedbush boosted their price target on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $180.78.

SEA Price Performance

NYSE SE opened at $160.11 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $94.32 billion, a PE ratio of 82.96 and a beta of 1.54. The company has a 50 day moving average price of $183.25 and a two-hundred day moving average price of $159.69. SEA has a 12-month low of $92.50 and a 12-month high of $199.30.

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 (EPS) 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 business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter last year, the firm earned $0.14 earnings per share. SEA's revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts predict that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of SEA by 2,082.7% in the 1st 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 acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC acquired a new stake in shares of SEA in the 1st quarter valued at approximately $336,521,000. Fred Alger Management LLC raised its position in shares of SEA by 144.6% in the 1st 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 acquiring an additional 1,528,301 shares during the period. Scge Management L.P. raised its position in shares of SEA by 137.6% in the 1st 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 acquiring an additional 1,251,000 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of SEA in the 1st quarter valued at approximately $162,796,000. 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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