Is A Downturn Overdue? State Street Corporation (STT), Sea Limited (SE)?

The shares of State Street Corporation (NYSE:STT) has been pegged with a rating of Underweight by Morgan Stanley in its latest research note that was published on July 8th, 2019. Morgan Stanley wasn’t the only research firm that published a report of State Street Corporation, with other equities research analysts also giving their opinion on the stock. UBS advised investors in its research note published on June 26th, 2019, to Neutral the STT stock while also putting a $58 price target. The stock had earned Buy rating from BofA/Merrill when it published its report on June 6th, 2019. That day the BofA/Merrill set price target on the stock to $65. The stock was given Underperform rating by Keefe Bruyette in its report released on February 25th, 2019, the day when the price target on the stock was placed at $70. Wells Fargo was of a view that STT is Market Perform in its latest report on January 22nd, 2019. Goldman thinks that STT is worth Neutral rating. This was contained in the firm’s report on January 22nd, 2019.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $64.84. The price of the stock the last time has raised by 0.25% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 32.15.

The shares of the company dipped by -0.19% during the trading session on Tuesday, reaching a low of $51.05 while ending the day at $51.47. During the trading session, a total of 2.35 million shares were traded which represents a 32.76% incline from the average session volume which is 3.50M shares. STT had ended its last session trading at 51.57. State Street Corporation currently has a market cap of $19.34B, while its P/E ratio stands at 9.49, while its P/E earnings growth sits at 4.94, with a beta of 1.46. State Street Corporation debt-to-equity ratio currently stands at 0.52, while its quick ratio hovers at . STT 52-week low price stands at $51.34 while its 52-week high price is $90.20.

The company in its last quarterly report recorded $1.45 earnings per share which is above the $1.39 predicted by most analysts. The State Street Corporation generated $2,873.00 million in revenue during the last quarter, which is slightly higher than the $2,864.85 million predicted by analysts. In the second quarter last year, the firm recorded $1.24 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 14.48%. State Street Corporation has the potential to record 5.42 EPS for the current fiscal year, according to equities analysts.

Investment analysts at CLSA published a research note on August 6th, 2019 where it informed investors and clients that Sea Limited (NYSE:SE) is now rated as Outperform. UBS also rated SE as Downgrade on June 26th, 2019, with its price target of $54 suggesting that SE could surge by 15.04% from its current share price. Even though the stock has been trading at $34.02/share, analysts expect it to surge higher by 1.76% to reach $40.75/share. It started the day trading at $34.84 and traded between $33.68 and $34.62 throughout the trading session.

A look at its technical shows that SE’s 50-day SMA is 33.88 while its 200-day SMA stands at 22.12. At the moment, only of Sea Limited shares were sold short. The company’s average trading volume currently stands at 3.81M shares, which means that the short-interest ratio is just 7.56 days. Over the past seven days, the company moved, with its shift of 2.00%. Looking further, the stock has raised 38.92% over the past 90 days while it gained 116.37% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more SE shares, increasing its portfolio by +571.93% during the last quarter. This move now sees Fidelity Management Research Co purchasing 17,867,143 shares in the last quarter, thus it now holds 20,991,143 shares of SE, with a total valuation of $736,789,119. CharlesLim Capital Ltd followed the path by increasing its SE portfolio by +8.85% in the quarter. This means that CharlesLim Capital Ltd bought 1,015,669 shares in the last quarter and now controls 12,497,402 shares of the SE stock, with the valuation hitting $438,658,810.

Similarly, Jericho Capital Asset Management increased its Sea Limited shares by +352.44% during the recently filed quarter. After buying 6,068,707 shares in the last quarter, the firm now controls 7,790,600 shares of Sea Limited which are valued at $273,450,060. In the same vein, Lone Pine Capital LLC increased its Sea Limited shares by during the most recent reported quarter. The firm bought 3,300,000 shares during the quarter which increased its stakes to 7,263,222 shares and is now valued at $254,939,092. Following these latest developments, around 2.22% of Sea Limited stocks are owned by institutional investors and hedge funds.