Sea Limited (NYSE:SE) Given Average Recommendation of “Moderate Buy” by Brokerages

Sea Limited (NYSE:SE) has earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $91.21.

A number of research analysts recently weighed in on the stock. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Wedbush restated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA in the third quarter valued at about $587,544,000. WCM Investment Management LLC boosted its holdings in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Baillie Gifford & Co. boosted its holdings in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. Perpetual Ltd grew its position in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its holdings in shares of SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after purchasing an additional 1,543,743 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Up 3.1 %

SE stock opened at $115.13 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $65.89 billion, a P/E ratio of 767.53 and a beta of 1.54. SEA has a fifty-two week low of $34.64 and a fifty-two week high of $119.47. The business has a 50-day moving average of $111.05 and a 200-day moving average of $92.35.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company earned ($0.26) EPS. The company’s revenue was up 30.8% compared to the same quarter last year. On average, sell-side analysts anticipate that SEA will post 0.81 earnings per share 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.