SEA (NYSE:SE) Lifted to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of SEA (NYSE:SE) from a hold rating to a buy rating in a research report released on Wednesday morning, Price Targets.com reports. Stifel Nicolaus currently has $400.00 price objective on the Internet company based in Singapore’s stock, up from their previous price objective of $325.00.

A number of other analysts have also recently weighed in on SE. Sanford C. Bernstein initiated coverage on shares of SEA in a report on Wednesday, June 16th. They set an outperform rating on the stock. Zacks Investment Research cut shares of SEA from a hold rating to a sell rating in a report on Saturday, August 21st. Cowen raised their price objective on shares of SEA from $280.00 to $345.00 and gave the stock an outperform rating in a report on Monday, August 16th. Morgan Stanley raised their price objective on shares of SEA from $300.00 to $320.00 and gave the stock an overweight rating in a report on Thursday, July 22nd. Finally, New Street Research initiated coverage on shares of SEA in a report on Friday, June 25th. They set a buy rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, SEA has a consensus rating of Buy and an average price target of $278.42.

Shares of SEA stock opened at $339.81 on Wednesday. SEA has a 52-week low of $142.41 and a 52-week high of $359.84. The company has a 50 day moving average of $307.93 and a 200 day moving average of $268.52. The company has a quick ratio of 1.58, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $173.96 billion, a P/E ratio of -94.92 and a beta of 1.32.

SEA (NYSE:SE) last issued its quarterly earnings results on Monday, August 16th. The Internet company based in Singapore reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.09). SEA had a negative return on equity of 64.29% and a negative net margin of 26.46%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the firm earned ($0.68) EPS. The firm’s revenue was up 158.6% compared to the same quarter last year. As a group, research analysts anticipate that SEA will post -2.97 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC increased its stake in shares of SEA by 328.3% during the 2nd quarter. Virtu Financial LLC now owns 21,856 shares of the Internet company based in Singapore’s stock valued at $6,002,000 after acquiring an additional 16,753 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in SEA by 15.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 147,113 shares of the Internet company based in Singapore’s stock worth $40,397,000 after acquiring an additional 19,416 shares during the period. Sawtooth Solutions LLC purchased a new position in SEA in the 2nd quarter worth approximately $219,000. Y Intercept Hong Kong Ltd purchased a new position in SEA in the 2nd quarter worth approximately $780,000. Finally, Comerica Bank boosted its holdings in SEA by 37.9% in the 2nd quarter. Comerica Bank now owns 32,693 shares of the Internet company based in Singapore’s stock worth $10,498,000 after acquiring an additional 8,981 shares during the period. 52.00% of the stock is owned by hedge funds and other institutional investors.

SEA Company Profile

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.

Featured Article: What is an Initial Coin Offering (ICO)?

Analyst Recommendations for SEA (NYSE:SE)

Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.