Sea Limited (NYSE:SE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Sea Limited (NYSE:SE) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $66.77.

A number of brokerages have recently weighed in on SE. Benchmark boosted their price target on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Sanford C. Bernstein upped their price objective on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Bank of America upped their price objective on SEA from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Finally, Morgan Stanley upped their price objective on SEA from $47.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th.

SEA Price Performance

SE stock opened at $56.31 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. SEA has a 52-week low of $34.35 and a 52-week high of $88.39. The stock’s 50 day moving average is $52.49 and its two-hundred day moving average is $44.42. The company has a market capitalization of $31.80 billion, a PE ratio of 234.63 and a beta of 1.50.

SEA (NYSE:SE) last issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm posted $0.72 earnings per share. SEA’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that SEA will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its position in SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after acquiring an additional 8,045,977 shares during the period. Sands Capital Management LLC lifted its holdings in shares of SEA by 3.5% in the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after buying an additional 542,996 shares during the period. Norges Bank acquired a new stake in shares of SEA in the fourth quarter valued at $640,219,000. BlackRock Inc. lifted its holdings in shares of SEA by 1.6% in the first quarter. BlackRock Inc. now owns 15,214,991 shares of the Internet company based in Singapore’s stock valued at $1,316,857,000 after buying an additional 245,289 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of SEA by 2.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,446,050 shares of the Internet company based in Singapore’s stock valued at $463,567,000 after buying an additional 219,490 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.