$Sea Ltd(SE)$ Another re affirmation In a report released today, from Benchmark Co. reiterated a Buy rating on Sea ( – ), with a price target of $105.00. The company’s shares closed yesterday at $72.45
$Sea Ltd(SE)$ In a report released yesterday, Chong from Jefferies maintained a Buy rating on Sea ( – ), with a price target of $105.00. The company’s shares closed yesterday at $72.45. According to , Chong is a 4-star analyst with an average return of 5.1% and a 45.77% success rate. Chong covers the Technology sector, focusing on stocks such as Baidu, AutoHome, and Weibo. Currently, the analyst consensus on Sea is a Strong Buy with an average price target of $103.70, representing a 43.13% upside. In a report released on May 7, Goldman Sachs also maintained a Buy rating on the stock with a $151.00 price target.
$Sea Ltd(SE)$ , Saudi Arabia’s sovereign wealth fund, has ramped up its stake in Sea Ltd. () and Electronic Arts (). PIF’s latest 13F filings show that it has holdings in 52 companies and raised its stake in Sea and Electronic Arts by 248% and 55%, respectively, in Q1.
$Sea Ltd(SE)$ A few interesting things to note. 1) Sea group is posting its first ever quarterly profits in the 14year history 2) Net income is still positive despite prior goodwill acquisition 3) GAAP revenue rose by 36.3% 4) Digital finance is the best pillar accounting for 75% increase in adjusted ebitda Digital finance will keep growing given that they have recently won the malaysian banking license as well!