Sea Limited (NYSE:SE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Sea Limited (NYSE:SE) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $91.21.

SE has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Barclays lifted their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

SEA Stock Down 1.7 %

Shares of SEA stock opened at $113.74 on Friday. SEA has a 1 year low of $34.35 and a 1 year high of $117.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a 50-day moving average of $100.03 and a 200 day moving average of $82.37. The firm has a market cap of $65.10 billion, a price-to-earnings ratio of 758.27 and a beta of 1.52.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.26) EPS. As a group, sell-side analysts anticipate that SEA will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of SEA

Several hedge funds have recently bought and sold shares of the stock. American Trust bought a new stake in SEA during the 3rd quarter worth approximately $294,000. Tidal Investments LLC lifted its stake in shares of SEA by 1,270.6% during the 3rd quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore’s stock valued at $10,280,000 after buying an additional 101,079 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in SEA in the 3rd quarter worth $290,000. Sanctuary Advisors LLC raised its holdings in SEA by 14.4% during the third quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore’s stock valued at $586,000 after acquiring an additional 782 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its position in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

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.