Analysts Turn Mixed On Sea Limited (SE), Coty Inc. (COTY)

    The shares of Sea Limited (NYSE:SE) has been pegged with a rating of Outperform by CLSA in its latest research note that was published on August 6th, 2019. CLSA wasn’t the only research firm that published a report of Sea Limited, with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on June 13th, 2019, to Overweight the SE stock. The stock had earned Buy rating from Citigroup when it published its report on November 16th, 2017. That day the Citigroup set price target on the stock to $19. The stock was given Buy rating by Stifel in its report released on November 14th, 2017, the day when the price target on the stock was placed at $19. Piper Jaffray was of a view that SE is Overweight in its latest report on November 14th, 2017 while giving it a price target of $18. Morgan Stanley thinks that SE is worth Equal-Weight rating. This was contained in the firm’s report on November 14th, 2017 in which the stock’s price target was also moved to $16.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $40.93. The price of the stock the last time has raised by 206.42% 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 41.54.

    The shares of the company added by 1.03% during the trading session on Thursday, reaching a low of $31.29 while ending the day at $32.22. During the trading session, a total of 3.98 million shares were traded which represents a -3.04% decline from the average session volume which is 3.86M shares. SE had ended its last session trading at 31.89. Sea Limited currently has a market cap of $12.66B while its P/E earnings growth sits at 12.36. Sea Limited debt-to-equity ratio currently stands at 0.38, while its quick ratio hovers at 2.20. SE 52-week low price stands at $10.52 while its 52-week high price is $38.00.

    The company in its last quarterly report recorded -$0.52 earnings per share which is below the -$0.51 predicted by most analysts. The Sea Limited generated $665.42 million in revenue during the last quarter, which is slightly higher than the $613.47 million predicted by analysts. In the second quarter last year, the firm recorded -$0.64 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -23.08%. Sea Limited has the potential to record -4.07 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Citigroup published a research note on July 2nd, 2019 where it informed investors and clients that Coty Inc. (NYSE:COTY) is now rated as Sell. Their price target on the stock stands at $10. JP Morgan also rated COTY as Initiated on June 13th, 2019, with its price target of $19 suggesting that COTY could surge by 28.12% from its current share price. Even though the stock has been trading at $8.85/share, analysts expect it to surge higher by 0.79% to reach $12.41/share. It started the day trading at $9.05 and traded between $8.85 and $8.92 throughout the trading session.

    A look at its technical shows that COTY’s 50-day SMA is 11.27 while its 200-day SMA stands at 10.29. At the moment, only of Coty Inc. shares were sold short. The company’s average trading volume currently stands at 5.61M shares, which means that the short-interest ratio is just 6.90 days. Over the past seven days, the company moved, with its shift of -1.00%. Looking further, the stock has dropped -31.96% over the past 90 days while it lost -20.85% 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 sold more COTY shares, decreasing its portfolio by -22.20% during the last quarter. This move now sees Fidelity Management Research Co selling -12,708,080 shares in the last quarter, thus it now holds 44,535,369 shares of COTY, with a total valuation of $485,880,876. The Vanguard Group Inc meanwhile sold more COTY shares in the recently filed quarter, changing its stake to $416,780,645 worth of shares. Newton Investment Management Ltd followed the path by increasing its COTY portfolio by +0.66% in the quarter. This means that Newton Investment Management Ltd bought 166,615 shares in the last quarter and now controls 25,383,522 shares of the COTY stock, with the valuation hitting $276,934,225.

    Similarly, SSgA Funds Management Inc decreased its Coty Inc. shares by -28.34% during the recently filed quarter. After selling -6,500,390 shares in the last quarter, the firm now controls 16,438,480 shares of Coty Inc. which are valued at $179,343,817. In the same vein, BlackRock Fund Advisors decreased its Coty Inc. shares by during the most recent reported quarter. The firm sold -7,150,375 shares during the quarter which decreased its stakes to 14,389,223 shares and is now valued at $156,986,423. Following these latest developments, around 0.50% of Coty Inc. stocks are owned by institutional investors and hedge funds.