SEA (NYSE:SE) Given a $38.00 Price Target by Citigroup Analysts

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Citigroup set a $38.00 target price on SEA (NYSE:SE) in a research note released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

SE has been the topic of a number of other research reports. JPMorgan Chase & Co. started coverage on shares of SEA in a report on Wednesday, June 12th. They set an overweight rating and a $36.00 price target on the stock. Stifel Nicolaus increased their price objective on shares of SEA from $44.00 to $45.00 and gave the company a buy rating in a research report on Wednesday. Goldman Sachs Group upgraded shares of SEA from a neutral rating to a buy rating in a research report on Tuesday, August 13th. Credit Suisse Group set a $43.00 price target on shares of SEA and gave the stock a buy rating in a research report on Thursday, July 4th. Finally, Piper Jaffray Companies increased their price target on shares of SEA from $43.00 to $49.00 and gave the stock an overweight rating in a research report on Tuesday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. SEA presently has a consensus rating of Buy and a consensus price target of $41.67.

NYSE:SE opened at $31.64 on Wednesday. The company’s 50 day moving average price is $35.28 and its 200-day moving average price is $27.35. SEA has a 52 week low of $10.52 and a 52 week high of $38.00. The company has a quick ratio of 2.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of -10.69 and a beta of 1.32.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 20th. The Internet company based in Singapore reported ($0.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.16. SEA had a negative net margin of 114.88% and a negative return on equity of 247.93%. The firm had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $615.76 million. During the same quarter in the prior year, the company posted ($0.94) earnings per share. The business’s revenue for the quarter was up 132.6% on a year-over-year basis. As a group, sell-side analysts anticipate that SEA will post -3.11 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in SEA during the 2nd quarter valued at about $44,000. Daiwa Securities Group Inc. acquired a new stake in shares of SEA during the first quarter worth about $58,000. Glen Harbor Capital Management LLC acquired a new stake in shares of SEA during the second quarter worth about $68,000. Tyers Asset Management LLC acquired a new stake in shares of SEA during the second quarter worth about $94,000. Finally, Deutsche Bank AG acquired a new stake in shares of SEA during the fourth quarter worth about $103,000. Institutional investors and hedge funds own 59.58% of the company’s stock.

About SEA

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. 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.

Further Reading: Economic Bubble

Analyst Recommendations for SEA (NYSE:SE)

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