SEA (NYSE:SE - Get Rating) was downgraded by investment analysts at Bank of America from a "buy" rating to a "neutral" rating in a note issued to investors on Monday, The Fly reports. They presently have a $60.00 price target on the Internet company based in Singapore's stock, down from their previous price target of $74.00. Bank of America's price target suggests a potential upside of 7.74% from the stock's current price.
A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of SEA from $70.00 to $75.00 in a research report on Wednesday, November 16th. Morgan Stanley cut their target price on shares of SEA from $116.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, November 17th. China Renaissance dropped their price target on shares of SEA from $100.00 to $94.00 in a research note on Tuesday, November 1st. Citigroup dropped their price target on shares of SEA from $129.00 to $97.00 and set a "buy" rating on the stock in a research note on Wednesday, November 16th. Finally, Barclays dropped their price target on shares of SEA from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Thursday, November 17th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $126.93.
SEA Stock Down 0.3 %
Shares of NYSE:SE opened at $55.69 on Monday. SEA has a 52 week low of $40.67 and a 52 week high of $206.38. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.77 and a current ratio of 1.78. The company has a market cap of $31.06 billion, a PE ratio of -11.48 and a beta of 1.58. The firm has a 50 day simple moving average of $54.00 and a 200 day simple moving average of $61.94.
Hedge Funds Weigh In On SEA
Institutional investors have recently added to or reduced their stakes in the company. Arisaig Partners Asia Pte Ltd. increased its position in SEA by 13.2% in the 1st quarter. Arisaig Partners Asia Pte Ltd. now owns 1,545,971 shares of the Internet company based in Singapore's stock valued at $190,835,000 after acquiring an additional 179,821 shares in the last quarter. Private Advisor Group LLC acquired a new stake in SEA in the 1st quarter valued at about $240,000. MetLife Investment Management LLC increased its position in SEA by 133.9% in the 1st quarter. MetLife Investment Management LLC now owns 26,200 shares of the Internet company based in Singapore's stock valued at $3,138,000 after acquiring an additional 15,000 shares in the last quarter. APG Asset Management N.V. grew its position in shares of SEA by 120.2% during the 1st quarter. APG Asset Management N.V. now owns 14,220 shares of the Internet company based in Singapore's stock worth $1,531,000 after buying an additional 7,763 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of SEA by 56.3% during the 1st quarter. Yousif Capital Management LLC now owns 15,740 shares of the Internet company based in Singapore's stock worth $1,885,000 after buying an additional 5,670 shares during the period. 74.92% of the stock is owned by institutional investors.
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; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.
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