Sea Limited (NYSE:SE) Receives $91.21 Average Target Price from Analysts

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

A number of research analysts recently issued reports on SE shares. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Bank of America boosted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th.

Institutional Investors Weigh In On SEA

Large investors have recently modified their holdings of the company. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the third quarter worth about $587,544,000. WCM Investment Management LLC raised its stake in SEA by 35.9% during 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 acquiring an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its position in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. CoreView Capital Management Ltd grew its stake in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Finally, Eminence Capital LP increased its holdings in shares of SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 0.5 %

Shares of SE opened at $113.24 on Friday. The company’s 50-day simple moving average is $100.60 and its 200-day simple moving average is $82.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. SEA has a 1 year low of $34.35 and a 1 year high of $117.85. The stock has a market capitalization of $64.81 billion, a PE ratio of 758.67 and a beta of 1.52.

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