Sea Limited Sponsored ADR (NYSE:SE) Receives $187.39 Consensus Price Target from Brokerages

Sea Limited Sponsored ADR (NYSE:SE) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $187.3933.

SE has been the subject of several research analyst reports. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. JPMorgan Chase & Co. boosted their price target on shares of SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Benchmark upped their price target on shares of SEA from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Macquarie reiterated an “outperform” rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Finally, Arete Research cut SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd.

SEA Stock Up 3.6%

SE opened at $145.90 on Friday. The stock’s 50 day moving average price is $171.99 and its 200 day moving average price is $165.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42. The stock has a market cap of $85.95 billion, a P/E ratio of 63.99 and a beta of 1.55. SEA has a 12 month low of $99.50 and a 12 month high of $199.30.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a return on equity of 15.19% and a net margin of 6.80%.The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was up 38.3% compared to the same quarter last year. As a group, research analysts predict that SEA will post 0.74 earnings per share for the current year.

SEA announced that its board has approved a share buyback program on Monday, November 17th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Smithfield Trust Co bought a new stake in SEA in the first quarter worth about $25,000. ORG Partners LLC grew its stake in shares of SEA by 552.0% in the 2nd quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after purchasing an additional 138 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after purchasing an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in SEA during the third quarter valued at approximately $29,000. Finally, Cullen Frost Bankers Inc. acquired a new position in SEA in the first quarter worth approximately $34,000. 59.53% of the stock is owned by institutional investors and hedge funds.

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.