Sea Limited (NYSE:SE) Receives $91.21 Consensus PT from Analysts

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

Several research firms have recently weighed in on SE. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th.

SEA Price Performance

Shares of SEA stock opened at $118.16 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $111.61 and a 200-day simple moving average of $93.13. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 787.70 and a beta of 1.54. SEA has a 1-year low of $35.64 and a 1-year high of $119.47.

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

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in SEA by 7.4% in the second quarter. Victory Capital Management Inc. now owns 13,819 shares of the Internet company based in Singapore’s stock valued at $987,000 after acquiring an additional 950 shares during the last quarter. American Century Companies Inc. lifted its position in shares of SEA by 17.0% in the 2nd quarter. American Century Companies Inc. now owns 25,288 shares of the Internet company based in Singapore’s stock worth $1,806,000 after purchasing an additional 3,666 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of SEA by 130.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 182,377 shares of the Internet company based in Singapore’s stock valued at $13,025,000 after purchasing an additional 103,365 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SEA by 445.4% during the second quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock worth $3,649,000 after buying an additional 41,728 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in SEA by 13.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,960 shares of the Internet company based in Singapore’s stock worth $711,000 after buying an additional 1,214 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.