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

Sea Limited (NYSE:SE – Get Rating) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $123.38.

SE has been the topic of a number of analyst reports. Citigroup dropped their price objective on SEA from $129.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. Barclays dropped their price objective on SEA from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, November 17th. JPMorgan Chase & Co. upped their price objective on SEA from $70.00 to $75.00 in a research note on Wednesday, November 16th. Cowen cut SEA from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $72.00 to $60.00 in a research note on Monday, November 21st. Finally, China Renaissance dropped their price target on SEA from $100.00 to $94.00 in a research note on Tuesday, November 1st.

SEA Trading Down 4.1 %

NYSE:SE opened at $64.00 on Wednesday. SEA has a twelve month low of $40.67 and a twelve month high of $175.36. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $56.98 and a two-hundred day moving average price of $60.83. The company has a market cap of $35.70 billion, a P/E ratio of -13.20 and a beta of 1.58.

SEA (NYSE:SE – Get Rating) last released its quarterly earnings results on Tuesday, November 15th. The Internet company based in Singapore reported ($1.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.26. SEA had a negative return on equity of 41.82% and a negative net margin of 22.08%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.06 billion. As a group, analysts expect that SEA will post -4.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of SEA by 7.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 17,871 shares of the Internet company based in Singapore’s stock worth $1,210,000 after purchasing an additional 1,259 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of SEA by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 106,559 shares of the Internet company based in Singapore’s stock worth $7,063,000 after purchasing an additional 609 shares in the last quarter. Swiss National Bank grew its holdings in shares of SEA by 10.9% during the 2nd quarter. Swiss National Bank now owns 1,509,700 shares of the Internet company based in Singapore’s stock worth $100,939,000 after purchasing an additional 148,500 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of SEA during the 2nd quarter worth $368,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of SEA during the 2nd quarter worth $560,000. 74.92% of the stock is owned by institutional investors and hedge funds.

SEA Company Profile

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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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.