Sea Limited (NYSE:SE) Given Average Recommendation of “Moderate Buy” by Analysts

Sea Limited (NYSE:SE) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $91.21.

SE has been the topic of a number of analyst reports. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Wedbush restated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Barclays upped their price target on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, TD Cowen upped their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of SE. Advisors Asset Management Inc. lifted its position in shares of SEA by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock valued at $98,000 after buying an additional 468 shares during the last quarter. Swedbank AB acquired a new position in shares of SEA during the first quarter valued at about $4,404,000. Cetera Advisors LLC acquired a new position in shares of SEA during the first quarter valued at about $230,000. Harbor Capital Advisors Inc. increased its holdings in shares of SEA by 14.6% during the second quarter. Harbor Capital Advisors Inc. now owns 7,154 shares of the Internet company based in Singapore’s stock valued at $511,000 after acquiring an additional 909 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its holdings in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after acquiring an additional 213 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 1.6 %

Shares of SE opened at $117.40 on Friday. The company’s fifty day moving average is $101.97 and its 200 day moving average is $83.75. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $118.16. The stock has a market capitalization of $67.19 billion, a PE ratio of 782.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the firm earned ($0.26) EPS. The company’s revenue was up 30.8% on a year-over-year basis. Sell-side analysts expect that SEA will post 0.81 earnings per share for the current fiscal year.

About SEA

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 promotes eSports operations.