SEA (NYSE:SE) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• SEA has been upgraded to a "Strong-Buy" rating by Zacks Research from a previous "hold" rating, indicating a positive shift in analyst sentiment towards the stock.
• Despite the upgrade, other brokerages have issued mixed reviews; for instance, Arete downgraded SEA to "neutral" while JPMorgan raised their price target from $208 to $230 with an "overweight" rating.
• SEA's recent earnings report showed a net revenue increase of 38.2% year-over-year, despite missing earnings per share estimates, highlighting strong revenue growth potential.

SEA (NYSE:SE - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on SE. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a report on Wednesday, September 3rd. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their price objective on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, September 11th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Barclays lifted their price target on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average price target of $176.85.

SEA Trading Down 1.0%

Shares of NYSE:SE opened at $180.77 on Monday. SEA has a 1 year low of $92.50 and a 1 year high of $199.30. The firm has a market capitalization of $106.49 billion, a price-to-earnings ratio of 93.66 and a beta of 1.54. 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 business's 50 day moving average price is $182.42 and its 200-day moving average price is $159.25.

SEA (NYSE:SE - Get Free Report) last announced 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). The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The company's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. On average, equities research analysts forecast that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of SEA

Institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in SEA during the third quarter worth about $29,000. ORG Partners LLC grew its position in shares of SEA by 552.0% during the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore's stock worth $25,000 after buying an additional 138 shares in the last quarter. Smithfield Trust Co acquired a new position in shares of SEA during the first quarter worth about $25,000. Sava Infond d.o.o. acquired a new position in shares of SEA during the first quarter worth about $26,000. Finally, Tradewinds Capital Management LLC increased its stake in 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 purchasing an additional 100 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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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