SEA (NYSE:SE) Given New $144.00 Price Target at TD Cowen

SEA (NYSE:SE) had its price objective dropped by stock analysts at TD Cowen from $165.00 to $144.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the Internet company based in Singapore’s stock. TD Cowen’s target price would indicate a potential downside of 7.50% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. Wedbush lifted their target price on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Bank of America raised SEA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $206.00 to $215.00 in a research note on Thursday, October 16th. Morgan Stanley set a $209.00 target price on SEA in a report on Wednesday, October 22nd. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Arete Research downgraded shares of SEA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.59.

SEA Trading Up 3.8%

SEA stock traded up $5.73 during trading on Monday, hitting $155.67. The company’s stock had a trading volume of 5,237,534 shares, compared to its average volume of 4,449,242. The stock’s fifty day moving average is $176.98 and its 200 day moving average is $164.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. SEA has a 1-year low of $92.71 and a 1-year high of $199.30. The stock has a market capitalization of $91.71 billion, a price-to-earnings ratio of 80.49 and a beta of 1.55.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA’s revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts predict that SEA will post 0.74 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the period. Acadian Asset Management LLC boosted its position in SEA by 8.0% during the 1st quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore’s stock worth $623,355,000 after acquiring an additional 354,158 shares during the period. Kontiki Capital Management HK Ltd. increased its holdings in shares of SEA by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore’s stock valued at $442,167,000 after purchasing an additional 111,400 shares during the period. Northern Trust Corp lifted its stake in shares of SEA by 9.3% in the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore’s stock worth $420,140,000 after acquiring an additional 273,366 shares during the period. Finally, Fred Alger Management LLC boosted its holdings in shares of SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock valued at $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

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.