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

Shares of Sea Limited (NYSE:SE) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $91.21.

A number of brokerages have weighed in on SE. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Bank of America raised their price target on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

SEA Trading Up 3.1 %

SE opened at $115.13 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a twelve month low of $34.64 and a twelve month high of $119.47. The stock has a market capitalization of $65.89 billion, a price-to-earnings ratio of 767.53 and a beta of 1.54. The company has a 50-day simple moving average of $111.05 and a 200 day simple moving average of $92.35.

SEA (NYSE:SE) last issued 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). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s revenue was up 30.8% on a year-over-year basis. During the same period last year, the company posted ($0.26) EPS. Analysts predict that SEA will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its holdings in SEA by 7.4% in the second quarter. Victory Capital Management Inc. now owns 13,819 shares of the Internet company based in Singapore’s stock valued at $987,000 after purchasing an additional 950 shares during the period. American Century Companies Inc. grew its position in shares of SEA by 17.0% in the 2nd quarter. American Century Companies Inc. now owns 25,288 shares of the Internet company based in Singapore’s stock valued at $1,806,000 after buying an additional 3,666 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SEA by 130.8% in the second quarter. Envestnet Asset Management Inc. now owns 182,377 shares of the Internet company based in Singapore’s stock valued at $13,025,000 after buying an additional 103,365 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of SEA by 445.4% in the second quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock valued at $3,649,000 after buying an additional 41,728 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of SEA by 13.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,960 shares of the Internet company based in Singapore’s stock worth $711,000 after acquiring an additional 1,214 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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.