SEA (NYSE:SE) Upgraded at Bank of America

SEA (NYSE:SE) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has a $70.00 target price on the Internet company based in Singapore’s stock, up from their prior target price of $62.00. Bank of America‘s target price would suggest a potential upside of 12.85% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Barclays boosted their price target on shares of SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Sanford C. Bernstein boosted their price target on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Finally, HSBC boosted their price objective on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

SEA Trading Up 4.4 %

Shares of SE opened at $62.03 on Monday. SEA has a 52-week low of $34.35 and a 52-week high of $88.39. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $53.04 and its two-hundred day moving average is $44.65. The stock has a market cap of $35.03 billion, a PE ratio of 258.46 and a beta of 1.50.

SEA (NYSE:SE) last announced its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Research analysts forecast that SEA will post 1.01 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. Sunbelt Securities Inc. increased its stake in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 320 shares during the period. UMB Bank n.a. increased its stake in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares during the period. GAMMA Investing LLC increased its stake in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares during the period. Blue Trust Inc. increased its stake in shares of SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of SEA by 90.7% during the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after buying an additional 485 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

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.