Brokerages Set Sea Limited Sponsored ADR (NYSE:SE) Price Target at $180.78

Sea Limited Sponsored ADR (NYSE:SE) has received an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $183.66.

Several brokerages have commented on SE. Morgan Stanley set a $209.00 price target on shares of SEA in a research note on Wednesday. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the company from $206.00 to $215.00 in a research note on Thursday, October 16th. JPMorgan Chase & Co. increased their price target on shares of SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Wall Street Zen upgraded shares of SEA from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Wedbush increased their price target on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd raised its position in SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Acadian Asset Management LLC grew its position in SEA by 8.0% during the 1st 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. Kontiki Capital Management HK Ltd. increased its stake in SEA by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore’s stock valued at $442,167,000 after purchasing an additional 111,400 shares during the period. Northern Trust Corp increased its stake in SEA by 9.3% in the first quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore’s stock valued at $420,140,000 after purchasing an additional 273,366 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock valued at $337,340,000 after buying an additional 1,528,301 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Down 0.2%

SE stock opened at $156.35 on Tuesday. The firm has a market capitalization of $92.11 billion, a price-to-earnings ratio of 81.01 and a beta of 1.54. SEA has a fifty-two week low of $92.50 and a fifty-two week high of $199.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The company’s 50 day moving average price is $182.76 and its 200 day moving average price is $160.90.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts anticipate that SEA will post 0.74 EPS for the current fiscal year.

SEA Company Profile

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.