Sea Limited Reports Second Quarter 2023 Results
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JPMorgan Downgrades Sea Ltd. (SE) to Neutral, 'Growth pivot at expense of profits'
August 17, 2023 4:17 PM EDTJPMorgan analyst Ranjan Sharma downgraded Sea Ltd. (NYSE: SE) from Overweight to Neutral with a price target of $45.00 (from $96.00).
The analyst comments "SEs decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the... More
Sea Ltd. (SE) PT Lowered to $46 at Deutsche Bank, 'nervous quarters ahead'
August 16, 2023 6:42 AM EDTDeutsche Bank analyst RennaVerma Bhasin lowered the price target on Sea Ltd. (NYSE: SE) to $46.00 (from $83.00) while maintaining a Hold rating.
The analyst comments "Sea's share price collapsed 29% post 2Q results. Markets seem concerned by mgt. commentary that the Co is looking to... More
Sea Ltd (SE) shares plunge 13% after Q2 earnings miss
August 15, 2023 6:39 AM EDTSea Ltd (NYSE: SE) disclosed today its second-quarter financial results, which fell below the average analyst estimate.
Sea stock fell 13.5% in pre-market Tuesday.
Sea reported revenue of $3.10 billion for the second quarter, missing the estimated figure of $3.26 billion. Earnings per share came in... More
