Sea Limited (NYSE:SE) Receives Average Rating of “Moderate Buy” from Brokerages

Sea Limited (NYSE:SE) has received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $91.21.

A number of research analysts have recently weighed in on SE shares. Benchmark increased their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen raised their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. SOA Wealth Advisors LLC. raised its position in SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC grew its stake in shares of SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 152 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after buying an additional 158 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after acquiring an additional 160 shares during the last quarter. Finally, Moseley Investment Management Inc. boosted its holdings in SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after acquiring an additional 161 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SE opened at $117.94 on Friday. The stock has a 50 day moving average of $112.44 and a 200 day moving average of $93.92. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. SEA has a 12 month low of $38.10 and a 12 month high of $119.47. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 786.23 and a beta of 1.54.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. As a group, sell-side analysts forecast that SEA will post 0.76 earnings per share for the current year.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.