SEA (NYSE:SE) Upgraded at Loop Capital

Loop Capital upgraded shares of SEA (NYSE:SE) from a hold rating to a buy rating in a research report report published on Wednesday morning, Marketbeat reports. The brokerage currently has $92.00 price objective on the Internet company based in Singapore’s stock, up from their prior price objective of $59.00.

SE has been the topic of several other reports. Wedbush increased their target price on SEA from $45.00 to $72.00 and gave the stock an outperform rating in a research report on Tuesday, March 5th. Citigroup raised SEA from a neutral rating to a buy rating and increased their target price for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Barclays increased their target price on SEA from $59.00 to $68.00 and gave the stock an overweight rating in a research report on Tuesday, March 5th. Sanford C. Bernstein increased their target price on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Thursday, March 14th. Finally, HSBC increased their target price on SEA from $70.00 to $76.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $70.00.

SEA Stock Performance

SE opened at $62.86 on Wednesday. The stock has a market cap of $35.50 billion, a P/E ratio of 261.92 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The stock’s 50 day simple moving average is $54.23 and its 200 day simple moving average is $45.04. SEA has a 1-year low of $34.35 and a 1-year high of $88.39.

SEA (NYSE:SE) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business earned $0.72 EPS. SEA’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that SEA will post 0.72 EPS for the current fiscal year.

Institutional Trading of SEA

Several large investors have recently modified their holdings of SE. CWM LLC grew its stake in shares of SEA by 162.5% during the third quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore’s stock valued at $189,000 after acquiring an additional 2,666 shares in the last quarter. IFP Advisors Inc grew its stake in shares of SEA by 42.7% during the third quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock valued at $96,000 after acquiring an additional 654 shares in the last quarter. ARK Investment Management LLC grew its stake in shares of SEA by 7.5% during the third quarter. ARK Investment Management LLC now owns 21,703 shares of the Internet company based in Singapore’s stock valued at $954,000 after acquiring an additional 1,508 shares in the last quarter. Lakehouse Capital Pty Ltd grew its stake in shares of SEA by 281.2% during the third quarter. Lakehouse Capital Pty Ltd now owns 112,383 shares of the Internet company based in Singapore’s stock valued at $4,939,000 after acquiring an additional 82,905 shares in the last quarter. Finally, Coronation Fund Managers Ltd. grew its stake in shares of SEA by 49.3% during the third quarter. Coronation Fund Managers Ltd. now owns 1,382,844 shares of the Internet company based in Singapore’s stock valued at $60,776,000 after acquiring an additional 456,810 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.