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

Sea Limited (NYSE:SEGet Free Report) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $67.93.

SE has been the subject of several recent research reports. Morgan Stanley lowered SEA from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 4th. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their price objective on shares of SEA from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Benchmark decreased their price objective on shares of SEA from $95.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st.

Check Out Our Latest Stock Report on SEA

Hedge Funds Weigh In On SEA

Several institutional investors have recently bought and sold shares of the business. Arisaig Partners Asia Pte Ltd. grew its holdings in SEA by 13.2% in the first quarter. Arisaig Partners Asia Pte Ltd. now owns 1,545,971 shares of the Internet company based in Singapore’s stock worth $190,835,000 after purchasing an additional 179,821 shares during the last quarter. Private Advisor Group LLC purchased a new position in SEA in the first quarter worth $240,000. MetLife Investment Management LLC grew its holdings in SEA by 133.9% in the first quarter. MetLife Investment Management LLC now owns 26,200 shares of the Internet company based in Singapore’s stock worth $3,138,000 after purchasing an additional 15,000 shares during the last quarter. APG Asset Management N.V. grew its holdings in SEA by 120.2% in the first quarter. APG Asset Management N.V. now owns 14,220 shares of the Internet company based in Singapore’s stock worth $1,531,000 after purchasing an additional 7,763 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in SEA by 56.3% in the first quarter. Yousif Capital Management LLC now owns 15,740 shares of the Internet company based in Singapore’s stock worth $1,885,000 after purchasing an additional 5,670 shares during the last quarter. 72.05% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 2.2 %

SE opened at $47.74 on Thursday. The firm has a market cap of $26.96 billion, a P/E ratio of 41.51 and a beta of 1.51. SEA has a 12 month low of $34.35 and a 12 month high of $88.84. The company has a current ratio of 1.70, a quick ratio of 1.69 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $40.24 and a 200 day moving average of $40.27.

SEA Company Profile

(Get Free Report

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 eSports operations.

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Analyst Recommendations for SEA (NYSE:SE)

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