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

Sea Limited (NYSE:SE) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $80.92.

SE has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Dbs Bank reissued a “hold” rating and issued a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. Barclays raised their target price on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Benchmark upped their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SE. Eminence Capital LP boosted its stake in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of SEA in the second quarter worth about $99,989,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SEA during the first quarter worth about $60,171,000. Los Angeles Capital Management LLC lifted its holdings in shares of SEA by 10,373.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock valued at $73,971,000 after purchasing an additional 1,025,833 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. bought a new position in SEA in the first quarter valued at approximately $48,876,000. 59.53% of the stock is currently owned by institutional investors.

SEA Trading Down 3.3 %

Shares of SE opened at $96.90 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The stock has a market cap of $55.46 billion, a PE ratio of -276.86 and a beta of 1.52. SEA has a 1 year low of $34.35 and a 1 year high of $101.01. The stock has a 50 day simple moving average of $83.96 and a 200-day simple moving average of $72.91.

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