Wedbush Increases SEA (NYSE:SE) Price Target to $200.00

Key Points

• Wedbush has increased the price target for SEA (NYSE:SE) from $170.00 to $200.00, reflecting a potential upside of 13.80% from its previous close.
• Despite a mixed range of ratings from analysts, SEA has an average rating of "Moderate Buy" and a target price of $172.33.
• SEA’s recent quarterly earnings showed a revenue of $5.26 billion, a 38.2% increase year-over-year, despite missing earnings per share estimates.

SEA (NYSE:SE - Get Free Report) had its price objective lifted by stock analysts at Wedbush from $170.00 to $200.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the Internet company based in Singapore's stock. Wedbush's price objective points to a potential upside of 13.80% from the company's previous close.

Several other equities research analysts have also issued reports on SE. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $172.33.

SEA Stock Up 0.9%

Shares of SE stock traded up $1.63 during trading on Wednesday, hitting $175.75. 3,848,365 shares of the company were exchanged, compared to its average volume of 4,648,061. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The firm has a market capitalization of $103.54 billion, a price-to-earnings ratio of 124.29 and a beta of 1.58. The business's 50-day simple moving average is $156.41 and its 200 day simple moving average is $141.34. SEA has a twelve month low of $75.67 and a twelve month high of $181.76.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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 10.74% and a net margin of 4.87%. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. SEA's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, analysts forecast that SEA will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after buying an additional 27,448,779 shares in the last quarter. Jennison Associates LLC acquired a new position in SEA during the first quarter worth about $336,521,000. Fred Alger Management LLC raised its stake in SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Capital Research Global Investors raised its stake in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Finally, Scge Management L.P. raised its stake in SEA by 137.6% during the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock worth $281,858,000 after acquiring an additional 1,251,000 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

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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