SEA (NYSE:SE) Downgraded to Strong Sell Rating by Zacks Research

SEA (NYSE:SE) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently issued reports on SE. Barclays boosted their target price on SEA from $214.00 to $226.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. TD Cowen decreased their price objective on SEA from $165.00 to $144.00 and set a “hold” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. increased their target price on SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Wedbush raised their target price on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Finally, Benchmark upped their price target on shares of SEA from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.92.

SEA Stock Up 1.8%

Shares of NYSE SE opened at $126.50 on Wednesday. SEA has a 52-week low of $99.50 and a 52-week high of $199.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.42 and a current ratio of 1.44. The stock has a market cap of $74.52 billion, a P/E ratio of 55.48 and a beta of 1.58. The firm has a 50 day moving average price of $152.56 and a 200 day moving average price of $162.92.

SEA (NYSE:SE) last announced its quarterly earnings results on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a return on equity of 15.19% and a net margin of 6.80%.The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. Analysts expect that SEA will post 0.74 EPS for the current year.

SEA announced that its Board of Directors has approved a share buyback program on Monday, November 17th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SE. MAI Capital Management increased its stake in SEA by 7.3% in the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $156,000 after buying an additional 82 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of SEA by 1.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock valued at $1,033,000 after acquiring an additional 103 shares in the last quarter. Rothschild Investment LLC increased its position in shares of SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 106 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in SEA by 2.3% during the second quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore’s stock worth $823,000 after acquiring an additional 114 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in SEA by 49.2% during the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock valued at $63,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

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.