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

Shares of Sea Limited (NYSE:SE) have earned a consensus 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 given a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $91.21.

Several brokerages have weighed in on SE. Barclays lifted their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th.

SEA Stock Performance

Shares of NYSE SE opened at $108.72 on Wednesday. SEA has a one year low of $34.35 and a one year high of $119.47. 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 firm has a market cap of $62.22 billion, a price-to-earnings ratio of 724.80 and a beta of 1.53. The stock’s fifty day moving average price is $107.39 and its two-hundred day moving average price is $88.40.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business 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 firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. On average, equities analysts forecast that SEA will post 0.81 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently made changes to their positions in SE. SOA Wealth Advisors LLC. boosted its position in shares of SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of SEA by 6.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after acquiring an additional 180 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.