SEA (NYSE:SE – Get Rating) is set to announce its earnings results before the market opens on Tuesday, March 7th. Analysts expect the company to announce earnings of ($0.75) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
SEA Price Performance
Shares of SEA stock opened at $59.98 on Tuesday. The stock has a 50 day moving average of $60.61 and a 200 day moving average of $58.73. SEA has a 12 month low of $40.67 and a 12 month high of $150.98. The firm has a market cap of $33.45 billion, a PE ratio of -12.37 and a beta of 1.67. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.84.
Analyst Ratings Changes
Several research analysts have commented on SE shares. China Renaissance reduced their price objective on SEA from $100.00 to $94.00 in a report on Tuesday, November 1st. Barclays decreased their price objective on SEA from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, November 17th. Cowen downgraded SEA from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $72.00 to $60.00 in a research report on Monday, November 21st. Morgan Stanley decreased their target price on SEA from $116.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, November 17th. Finally, Citigroup reduced their price objective on SEA from $129.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average price target of $109.92.
Institutional Trading of SEA
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Laffer Tengler Investments bought a new position in SEA during the first quarter valued at about $66,000. Pinnacle Holdings LLC bought a new stake in shares of SEA in the 1st quarter valued at approximately $68,000. Seaport Global Advisors LLC grew its stake in shares of SEA by 23.4% in the 4th quarter. Seaport Global Advisors LLC now owns 1,944 shares of the Internet company based in Singapore’s stock valued at $101,000 after purchasing an additional 368 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of SEA by 165.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 955 shares of the Internet company based in Singapore’s stock valued at $114,000 after purchasing an additional 595 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of SEA by 13.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore’s stock worth $157,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 74.92% 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.
