SEA (NYSE:SE) Given New $130.00 Price Target at Benchmark

SEA (NYSE:SE) had its price objective boosted by Benchmark from $94.00 to $130.00 in a research note released on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the Internet company based in Singapore’s stock.

Other research analysts have also recently issued reports about the company. Citigroup dropped their price target on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays increased their price target on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Bank of America increased their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.69.

SEA Stock Performance

NYSE SE opened at $104.88 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $60.03 billion, a price-to-earnings ratio of 699.20 and a beta of 1.52. The firm’s 50 day simple moving average is $92.92 and its 200 day simple moving average is $78.88. SEA has a 1 year low of $34.35 and a 1 year high of $117.52.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted ($0.26) EPS. The business’s revenue was up 30.8% on a year-over-year basis. As a group, research analysts expect that SEA will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several large investors have recently made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA in the 3rd quarter valued at about $587,544,000. WCM Investment Management LLC lifted its position in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. lifted its position in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. Eminence Capital LP lifted its position in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in SEA in the 2nd quarter valued at about $99,989,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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 promotes eSports operations.