SEA (NYSE:SE) Posts Quarterly Earnings Results, Beats Estimates By $0.22 EPS

SEA (NYSE:SEGet Rating) posted its earnings results on Tuesday. The Internet company based in Singapore reported ($1.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.26) by $0.22, Fidelity Earnings reports. SEA had a negative net margin of 19.85% and a negative return on equity of 35.06%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted ($0.82) EPS. The company’s revenue for the quarter was up 64.4% on a year-over-year basis.

Shares of SEA stock opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.09 and a current ratio of 2.02. The business has a 50-day moving average of $99.81 and a 200 day moving average of $170.34. SEA has a 12 month low of $54.06 and a 12 month high of $372.70.

SE has been the subject of several recent analyst reports. Sanford C. Bernstein cut their price target on shares of SEA from $330.00 to $250.00 in a report on Wednesday, March 2nd. The Goldman Sachs Group reduced their price target on shares of SEA from $196.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday. CICC Research initiated coverage on SEA in a research note on Wednesday, April 27th. They set an “outperform” rating for the company. HSBC lowered their price target on SEA from $150.00 to $145.00 in a research note on Wednesday, May 4th. Finally, Citigroup dropped their price target on SEA from $241.00 to $221.00 in a research report on Wednesday, March 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.75.

Several hedge funds have recently made changes to their positions in the stock. Hardman Johnston Global Advisors LLC boosted its holdings in SEA by 46.9% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 878,259 shares of the Internet company based in Singapore’s stock valued at $196,475,000 after purchasing an additional 280,244 shares during the period. Privium Fund Management UK Ltd purchased a new stake in shares of SEA during the fourth quarter worth approximately $31,122,000. Silvercrest Asset Management Group LLC acquired a new stake in SEA in the fourth quarter valued at approximately $623,000. Advisors Asset Management Inc. lifted its stake in SEA by 38.0% in the fourth quarter. Advisors Asset Management Inc. now owns 1,159 shares of the Internet company based in Singapore’s stock worth $259,000 after acquiring an additional 319 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of SEA by 93.1% in the 4th quarter. MetLife Investment Management LLC now owns 11,200 shares of the Internet company based in Singapore’s stock valued at $2,506,000 after purchasing an additional 5,400 shares during the last quarter. Hedge funds and other institutional investors own 90.71% of the company’s stock.

About SEA (Get Rating)

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.

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Earnings History for SEA (NYSE:SE)

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