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

Shares of Sea Limited (NYSE:SE) have received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $73.50.

A number of analysts recently weighed in on SE shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $78.00 target price (down from $84.00) on shares of SEA in a research note on Tuesday, June 25th. HSBC upped their target price on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $65.00 to $70.00 in a report on Monday, April 22nd. Dbs Bank reaffirmed a “hold” rating and issued a $75.00 price target on shares of SEA in a report on Friday, June 28th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $72.00 price target on shares of SEA in a report on Tuesday, May 14th.

SEA Stock Up 1.3 %

Shares of NYSE:SE opened at $70.32 on Wednesday. The firm’s 50-day moving average is $70.11 and its two-hundred day moving average is $55.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. SEA has a 1 year low of $34.35 and a 1 year high of $76.60. The firm has a market capitalization of $40.25 billion, a PE ratio of 1,406.40 and a beta of 1.51.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. Analysts predict that SEA will post 0.66 EPS for the current year.

Institutional Investors Weigh In On SEA

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its position in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. UMB Bank n.a. lifted its holdings in SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after acquiring an additional 327 shares during the period. GAMMA Investing LLC lifted its holdings in SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the period. Blue Trust Inc. lifted its holdings in SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 509 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of SEA by 38.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 394 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.