Brokerages Set Sea Limited Sponsored ADR (NYSE:SE) Target Price at $159.82

Shares of Sea Limited Sponsored ADR (NYSE:SE) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $159.8182.

Several research analysts have recently weighed in on SE shares. Benchmark boosted their price target on shares of SEA from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Wedbush restated an “outperform” rating on shares of SEA in a report on Wednesday, May 14th. Finally, Loop Capital restated a “buy” rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Freemont Capital Pte Ltd purchased a new stake in shares of SEA during the second quarter worth approximately $448,000. SBI Securities Co. Ltd. increased its stake in shares of SEA by 15.1% during the second quarter. SBI Securities Co. Ltd. now owns 6,871 shares of the Internet company based in Singapore’s stock worth $1,099,000 after buying an additional 903 shares during the period. Andra AP fonden increased its stake in shares of SEA by 33.6% during the second quarter. Andra AP fonden now owns 134,900 shares of the Internet company based in Singapore’s stock worth $21,576,000 after buying an additional 33,900 shares during the period. First Horizon Advisors Inc. increased its stake in shares of SEA by 10.1% during the second quarter. First Horizon Advisors Inc. now owns 2,207 shares of the Internet company based in Singapore’s stock worth $353,000 after buying an additional 203 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of SEA by 49.2% during the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock worth $63,000 after buying an additional 130 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 0.7%

Shares of SE stock opened at $147.75 on Thursday. The company’s 50-day moving average price is $156.64 and its 200-day moving average price is $140.75. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a market cap of $87.04 billion, a price-to-earnings ratio of 104.05 and a beta of 1.58. SEA has a twelve month low of $62.40 and a twelve month high of $172.65.

SEA (NYSE:SE) last announced 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 firm had revenue of $4.84 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, equities analysts predict that SEA will post 0.74 earnings per share 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.