Sea Limited Sponsored ADR (NYSE:SE) Receives $147.15 Consensus PT from Brokerages

Sea Limited Sponsored ADR (NYSE:SE) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $147.15.

SE has been the subject of a number of research analyst reports. Bank of America downgraded SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Arete Research upgraded SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Wall Street Zen upgraded SEA from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. UBS Group increased their price target on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th.

Hedge Funds Weigh In On SEA

Several large investors have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock worth $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Norges Bank bought a new position in shares of SEA during the fourth quarter worth about $1,493,682,000. Capital Research Global Investors lifted its position in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of SEA by 8.0% during the first quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore’s stock worth $623,355,000 after purchasing an additional 354,158 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its position in shares of SEA by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore’s stock worth $442,167,000 after purchasing an additional 111,400 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 1.4%

Shares of SE opened at $153.49 on Wednesday. The stock has a fifty day moving average of $148.25 and a two-hundred day moving average of $130.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The company has a market capitalization of $90.42 billion, a PE ratio of 108.09 and a beta of 1.64. SEA has a fifty-two week low of $55.00 and a fifty-two week high of $172.65.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The company’s revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, analysts forecast that SEA will post 0.74 EPS for the current year.

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.