Sea Limited (NYSE:SE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Sea Limited (NYSE:SE) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, 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 equities analysts recently issued reports on SE shares. Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Barclays upped their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th.

SEA Trading Down 1.3 %

SEA stock opened at $106.10 on Wednesday. SEA has a 12 month low of $34.35 and a 12 month high of $119.47. The company has a market capitalization of $60.73 billion, a price-to-earnings ratio of 707.33 and a beta of 1.53. The business’s fifty day simple moving average is $107.88 and its two-hundred day simple moving average is $89.31. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last announced its quarterly 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 firm had revenue of $4.33 billion during 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 business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) EPS. As a group, equities analysts predict that SEA will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. increased its position in SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of SEA by 35.9% during the third 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 purchasing an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the third quarter valued at $587,544,000. Eminence Capital LP increased its stake in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after buying an additional 1,408,314 shares during the period. Finally, Prudential PLC increased its stake in SEA by 6.7% in the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock worth $260,673,000 after buying an additional 229,500 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

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.