Stifel Nicolaus cuts SEA (NYSE:SE) price target to $95.00

WED (NYSE:SE – Get a Rating) saw its price target lowered by analysts Stifel Nicolaus from $105.00 to $95.00 in a report on Wednesday, reports The Fly. Stifel Nicolaus’ price target would indicate a potential upside of 22.69% from the company’s current price.

A number of other analysts have also recently released reports on the stock. Goldman Sachs Group lowered its price target on SEA shares from $196.00 to $190.00 and set a “buy” rating on the stock in a Tuesday, May 17 report. Cowen reduced his target price on SEA shares from $133.00 to $115.00 in a Wednesday, May 18 research report. Citigroup lowered its target price on SEA from $145.00 to $129.00 in a report released Wednesday. Bank of America cut its target price on SEA shares from $115.00 to $105.00 in a report on Wednesday. Finally, Barclays lowered its price target on SEA shares from $157.00 to $125.00 and set an “overweight” rating on the stock in a Wednesday July 20 research note. Three equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “moderate buy” and a consensus target price of $184.94.

SEA price performance

NYSE SE shares opened at $77.43 on Wednesday. The company has a market capitalization of $43.19 billion, a P/E ratio of -19.12 and a beta of 1.60. SEA has a 12-month low of $54.06 and a 12-month high of $372.70. The company has a quick ratio of 2.00, a current ratio of 2.02 and a leverage ratio of 0.66. The company has a 50-day moving average of $76.62 and a 200-day moving average of $96.66.

SEA (NYSE:SE – Get Rating) last released its quarterly results on Tuesday, August 16. The Singapore-based internet company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.11). SEA had a negative return on equity of 35.06% and a negative net margin of 19.85%. The company posted revenue of $2.94 billion in the quarter, compared to $3.03 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of ($0.83). The company’s revenue for the quarter increased by 29.0% compared to the same quarter last year. As a group, research analysts expect SEA to post -4.47 EPS for the current fiscal year.

SEA Institutional Trading

Several institutional investors and hedge funds have recently increased or reduced their stakes in SE. Qube Research & Technologies Ltd increased its stake in SEA by 104.2% during the fourth quarter. Qube Research & Technologies Ltd now owns 109,005 shares of the Singapore-based internet company, valued at $24,386,000 after acquiring an additional 55,625 shares last quarter. Pacer Advisors Inc. increased its position in SEA stocks by 5.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,512 shares of the Singapore-based internet company, valued at $562,000 after buying 123 additional shares last quarter. Advisor Group Holdings Inc. increased its equity stake in SEA by 6.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 28,031 shares of the Singapore-based internet company worth $6,266,000 after buying an additional 1,785 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings of SEA shares by 1.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,532 shares of the Singapore-based internet company worth $1,909,000 after buying 147 additional shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in FA shares by 8.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 163,009 shares of the Singapore-based internet company worth $36,467,000 after buying an additional 13,302 shares last quarter. Institutional investors hold 90.71% of the company’s shares.

SEA Company Profile

(Get an assessment)

Sea Limited, together with its subsidiaries, is engaged in digital entertainment, e-commerce and digital financial services businesses in Southeast Asia, Latin America, Rest of Asia and internationally. It offers the Garena digital entertainment platform allowing users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including live streaming of gaming and social features, such as user chat and online forums.

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Analyst Recommendations for SEA (NYSE: SE)

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