SEA (NYSE:SE) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Separately, Zacks Investment Research raised shares of SEA from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.00.
Shares of SE opened at $13.49 on Tuesday. The stock has a market capitalization of $4.66 billion and a P/E ratio of -4.96. The company has a debt-to-equity ratio of 4.95, a current ratio of 2.54 and a quick ratio of 2.52. SEA has a 52-week low of $10.06 and a 52-week high of $17.19.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in SEA by 0.5% during the first quarter. Wells Fargo & Company MN now owns 1,027,538 shares of the pipeline company’s stock valued at $11,580,000 after buying an additional 5,000 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in SEA by 7.8% during the first quarter. Picton Mahoney Asset Management now owns 439,900 shares of the pipeline company’s stock valued at $4,958,000 after buying an additional 32,000 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in SEA during the first quarter valued at about $123,000. Northern Trust Corp purchased a new stake in SEA during the first quarter valued at about $121,000. Finally, Federated Investors Inc. PA lifted its stake in SEA by 45.0% during the first quarter. Federated Investors Inc. PA now owns 87,000 shares of the pipeline company’s stock valued at $980,000 after buying an additional 27,000 shares in the last quarter. 28.78% of the stock is owned by institutional investors.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
See Also: Return on Investment (ROI)
To view ValuEngine’s full report, visit ValuEngine’s official website.
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