Sea Limited (NYSE:SE) Receives Average Recommendation of “Moderate Buy” from Analysts

Sea Limited (NYSE:SE) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $80.00.

Several analysts have recently commented on SE shares. TD Cowen raised their price objective on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Benchmark boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Dbs Bank reissued a “hold” rating and issued a $75.00 target price on shares of SEA in a research note on Friday, June 28th. Finally, Barclays boosted their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th.

SEA Price Performance

Shares of NYSE SE opened at $85.71 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The business has a 50-day moving average of $73.66 and a 200-day moving average of $67.89. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $86.37. The stock has a market capitalization of $49.06 billion, a price-to-earnings ratio of 1,714.20 and a beta of 1.51.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, sell-side analysts predict that SEA will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of SEA

A number of institutional investors have recently bought and sold shares of SE. Syon Capital LLC bought a new position in SEA in the fourth quarter worth approximately $357,000. Hexagon Capital Partners LLC raised its holdings in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the period. Wasatch Advisors LP lifted its holdings in SEA by 3.2% during the first quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock valued at $82,955,000 after purchasing an additional 48,273 shares in the last quarter. Swedbank AB acquired a new stake in shares of SEA in the first quarter worth approximately $4,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in SEA by 18.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock valued at $10,862,000 after acquiring an additional 31,470 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.