Sea Limited (NYSE:SE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Sea Limited (NYSE:SE) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $91.21.

A number of research analysts have commented on the stock. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen upped their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the third quarter valued at approximately $587,544,000. WCM Investment Management LLC raised its stake in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd increased its position in shares of SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after buying an additional 1,543,743 shares during the period. Finally, Eminence Capital LP raised its holdings in shares of SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

SE stock opened at $116.25 on Friday. SEA has a 1 year low of $34.35 and a 1 year high of $118.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market capitalization of $66.53 billion, a PE ratio of 775.00 and a beta of 1.53. The business has a 50 day simple moving average of $102.85 and a 200-day simple moving average of $84.28.

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

SEA Company Profile

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.