Sanford C. Bernstein, an equities research firm, has increased its target price for SEA Limited stock (SE:NYE) from $80.00 to $100.00. The Fly reports that this price target implies a potential upside of 25.22% from the current stock price.
Several other research firms have also recently weighed in on SEA Limited stock, including Goldman Sachs Group, HSBC, TD Cowen, Bank of America, and Citigroup, who have given SEA buy and conviction-buy ratings and increased their target prices for the company.
SEA Limited Stock Analysis:
According to Stock Target Advisor, SEA has received an average rating of “Strong Buy” from analysts. The stock has a 1 year low of $40.67 and a 1 year high of $136.43. Its 50-day moving average is $67.28 and its 200-day moving average is $59.25.
SEA has a market capitalization of $44.54 billion, a price-to-earnings ratio of -26.53, and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.81, and a current ratio of 1.83.
Quarterly Earnings Review:
SEA, an internet company based in Singapore, recently reported its earnings results for the quarter that ended March 7th. The company’s earnings per share (EPS) of $0.72 beat analysts’ consensus estimates of ($0.75) by $1.47.
SEA had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.05 billion. Despite a negative net margin of 13.28% and a negative return on equity of 26.25%, SEA’s revenue increased by 7.1% compared to the same quarter last year.
During the same period the year prior, the company earned ($1.12) per share. Sell-side analysts forecast that SEA will generate $2.25 per share in earnings for the current fiscal year.
Hedge Funds & Institutional Holdings:
Recently, institutional investors have purchased and sold shares of SEA Limited stock. In the second quarter, Ronald Blue Trust Inc. acquired a new position in SEA worth approximately $46,000.
SeaCrest Wealth Management LLC acquired a $34,000 interest in SEA during the second quarter. Laffer Tengler Investments acquired a $66,000 investment in SEA during the first quarter.
In the first quarter, Pinnacle Holdings LLC purchased a new investment in SEA worth approximately $68,000. Finally, Wipfli Financial Advisors LLC acquired a $32,000 holding in SEA during the third quarter. 74.92% of SEA Limited stock is owned by institutional investors and hedge funds.