Sea Limited (NYSE:SE) Receives $82.54 Consensus PT from Analysts

Shares of Sea Limited (NYSE:SE) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $82.54.

A number of research analysts recently issued reports on SE shares. Benchmark boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. TD Cowen boosted their price target on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Bank of America raised their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Citigroup dropped their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Rosenberg Matthew Hamilton grew its position in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in SEA during the 2nd quarter valued at approximately $32,000. Hexagon Capital Partners LLC raised its holdings in SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of SEA by 248.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after purchasing an additional 499 shares during the period. Finally, Canton Hathaway LLC boosted its stake in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $93.56 on Tuesday. The company has a market cap of $53.55 billion, a price-to-earnings ratio of -267.31 and a beta of 1.52. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $101.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a fifty day moving average price of $91.40 and a 200-day moving average price of $78.03.

SEA (NYSE:SE) last posted its quarterly earnings data 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). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. As a group, equities analysts anticipate that SEA will post 0.77 EPS for the current fiscal year.

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 promotes eSports operations.