Sea Limited (NYSE:SE) Receives $80.92 Average PT from Analysts

Shares of Sea Limited (NYSE:SE) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $80.92.

A number of research analysts have weighed in on the stock. Dbs Bank reaffirmed a “hold” rating and issued a $75.00 price target on shares of SEA in a research note on Friday, June 28th. Bank of America lifted their price target 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. TD Cowen boosted 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. Barclays boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in the company. Duquesne Family Office LLC acquired a new position in shares of SEA in the second quarter valued at $4,778,000. Syon Capital LLC acquired a new position in shares of SEA in the fourth quarter valued at $357,000. Toronto Dominion Bank increased its holdings in shares of SEA by 28.2% in the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after purchasing an additional 196,506 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in shares of SEA by 3.2% in 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 acquiring an additional 48,273 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 3.6 %

SEA stock opened at $99.29 on Friday. The company’s 50 day simple moving average is $82.43 and its 200 day simple moving average is $72.28. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $101.01. The firm has a market capitalization of $56.83 billion, a price-to-earnings ratio of -283.69 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share 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 the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that SEA will post 0.64 EPS for the current 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.