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

Sea Limited Sponsored ADR (NYSE:SE) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $189.8385.

A number of research firms recently issued reports on SE. TD Cowen lowered their target price on shares of SEA from $165.00 to $144.00 and set a “hold” rating for the company in a report on Monday, November 10th. Wedbush dropped their price objective on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Morgan Stanley reiterated an “overweight” rating and issued a $173.00 target price on shares of SEA in a report on Wednesday, February 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Friday, February 6th. Finally, Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th.

SEA Stock Performance

NYSE SE opened at $115.00 on Monday. The business’s 50-day moving average price is $121.79 and its 200 day moving average price is $150.16. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. SEA has a twelve month low of $99.50 and a twelve month high of $199.30. The company has a market capitalization of $67.75 billion, a PE ratio of 50.44 and a beta of 1.59.

SEA announced that its board has initiated a share buyback program on Monday, November 17th that allows the company to buyback $0.00 in shares. This buyback authorization allows the Internet company based in Singapore to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On SEA

Several institutional investors have recently bought and sold shares of the business. Woodline Partners LP purchased a new position in shares of SEA in the 1st quarter valued at $4,028,000. Cullen Frost Bankers Inc. raised its position in SEA by 49.2% in the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock valued at $63,000 after purchasing an additional 130 shares during the period. First Horizon Advisors Inc. lifted 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 purchasing an additional 203 shares in the last quarter. Andra AP fonden boosted its holdings in SEA by 33.6% in the 2nd quarter. Andra AP fonden now owns 134,900 shares of the Internet company based in Singapore’s stock worth $21,576,000 after acquiring an additional 33,900 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position 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 purchasing an additional 903 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.