Wall Street Zen Downgrades SEA (NYSE:SE) to Hold

Key Points

• Wall Street Zen has downgraded SEA (NYSE:SE) from a "buy" to a "hold" rating, highlighting a shift in analyst sentiment.
• Despite the downgrade, several other analysts including **Barclays** and **JPMorgan** have raised their price targets for SEA, indicating ongoing interest in the stock.
• SEA reported **$0.65 earnings per share** for the recent quarter, falling short of analysts' expectation of **$1.03**, while revenue rose by **38.2%** year-over-year.

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

A number of other analysts have also recently weighed in on SE. Barclays upped their price target on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday. Wedbush upped their price objective on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, Benchmark upped their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $176.85.

SEA Stock Down 0.1%

Shares of SEA stock opened at $196.26 on Friday. The company has a fifty day moving average price of $169.15 and a 200 day moving average price of $150.45. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. SEA has a twelve month low of $78.51 and a twelve month high of $199.30. The stock has a market cap of $115.62 billion, a price-to-earnings ratio of 101.69 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 return on equity of 13.66% and a net margin of 6.23%.The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. During the same period last year, the company posted $0.14 earnings per share. The firm's revenue for the quarter was up 38.2% on a year-over-year basis. Equities research analysts forecast that SEA will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in SEA by 42.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after acquiring an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after acquiring an additional 279 shares during the last quarter. Brucke Financial Inc. bought a new position in SEA in the fourth quarter worth about $211,000. Sowell Financial Services LLC bought a new position in SEA in the first quarter worth about $216,000. Finally, Assenagon Asset Management S.A. lifted its holdings in SEA by 10.9% in 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 acquiring an additional 476 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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