Sea Limited (NYSE:SE) Receives Consensus Rating of “Moderate Buy” from Analysts

Sea Limited (NYSE:SE) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $68.29.

A number of analysts have issued reports on SE shares. CICC Research downgraded SEA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 18th. UBS Group raised SEA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $86.00 in a research note on Monday, July 31st. Bank of America cut their target price on SEA from $73.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. Wedbush reaffirmed an “outperform” rating and issued a $48.00 target price on shares of SEA in a research note on Wednesday, September 6th. Finally, KGI Securities downgraded SEA from an “outperform” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Thursday, August 24th.

SEA Stock Up 2.6 %

NYSE SE opened at $38.54 on Tuesday. The business has a fifty day moving average price of $41.92 and a 200 day moving average price of $52.26. SEA has a one year low of $34.87 and a one year high of $88.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.73 and a current ratio of 1.70. The company has a market cap of $21.77 billion, a P/E ratio of 33.51 and a beta of 1.70.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.38). SEA had a net margin of 5.44% and a return on equity of 11.14%. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted ($1.02) earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts anticipate that SEA will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of hedge funds have recently bought and sold shares of SE. Baillie Gifford & Co. raised its position in shares of SEA by 19.9% during the 3rd quarter. Baillie Gifford & Co. now owns 26,137,417 shares of the Internet company based in Singapore’s stock worth $1,148,739,000 after acquiring an additional 4,341,424 shares in the last quarter. BlackRock Inc. increased its position in SEA by 8.5% during the second quarter. BlackRock Inc. now owns 16,515,843 shares of the Internet company based in Singapore’s stock worth $958,580,000 after buying an additional 1,300,852 shares during the period. Sands Capital Management LLC increased its position in SEA by 3.5% during the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after buying an additional 542,996 shares during the period. Charles Lim Capital Ltd increased its position in SEA by 150.0% during the second quarter. Charles Lim Capital Ltd now owns 5,000,000 shares of the Internet company based in Singapore’s stock worth $290,200,000 after buying an additional 2,999,800 shares during the period. Finally, Himension Capital Singapore PTE. LTD. increased its position in SEA by 28.1% during the first quarter. Himension Capital Singapore PTE. LTD. now owns 4,698,142 shares of the Internet company based in Singapore’s stock worth $406,624,000 after buying an additional 1,030,652 shares during the period. Institutional investors and hedge funds own 72.05% 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 eSports operations.