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

Sea Limited (NYSE:SE) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $80.92.

SE has been the subject of a number of recent research reports. Dbs Bank reissued a “hold” rating and set a $75.00 price target on shares of SEA in a research report on Friday, June 28th. TD Cowen boosted their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Benchmark increased their target price on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $84.00 price target (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Duquesne Family Office LLC acquired a new position in SEA in the second quarter valued at about $4,778,000. Syon Capital LLC purchased a new position in shares of SEA during the 4th quarter worth approximately $357,000. Toronto Dominion Bank increased its holdings in SEA by 28.2% in the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after purchasing an additional 196,506 shares during the last quarter. Hexagon Capital Partners LLC raised its position in SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares during the period. Finally, Wasatch Advisors LP lifted its stake in SEA by 3.2% during the first quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock worth $82,955,000 after purchasing an additional 48,273 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock opened at $95.81 on Friday. The company’s 50 day moving average is $81.66 and its 200 day moving average is $71.73. SEA has a 52-week low of $34.35 and a 52-week high of $98.09. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The firm has a market cap of $54.84 billion, a price-to-earnings ratio of 1,916.20 and a beta of 1.52.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the business posted $0.54 EPS. SEA’s revenue was up 23.0% compared to the same quarter last year. On average, sell-side analysts anticipate that SEA will post 0.64 EPS for the current fiscal year.

SEA Company Profile

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 promotes eSports operations.