Sea Limited (NYSE:SE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Sea Limited (NYSE:SE – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $91.21.

SE has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Phillip Securities restated 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, Barclays upped their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th.

View Our Latest Stock Analysis on SEA

SEA Stock Down 1.3 %

NYSE:SE opened at $106.10 on Wednesday. The company has a 50-day moving average of $107.88 and a 200 day moving average of $89.31. SEA has a 1-year low of $34.35 and a 1-year high of $119.47. The firm has a market cap of $60.73 billion, a PE ratio of 707.33 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS. As a group, research analysts anticipate that SEA will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Baillie Gifford & Co. boosted its holdings 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 worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC raised its position in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the 3rd quarter worth about $587,544,000. Eminence Capital LP grew its position in shares of SEA by 45.2% during the 2nd 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 acquiring an additional 1,408,314 shares during the period. Finally, Prudential PLC increased its stake in shares of 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 valued at $260,673,000 after purchasing an additional 229,500 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

(Get Free Report

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.

See Also