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

Shares of Sea Limited (NYSE:SE) have earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $70.00.

Several research analysts have weighed in on the stock. Benchmark raised their price objective on shares of SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Wedbush upped their price objective on SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Barclays lifted their target price on SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $70.00 in a research note on Monday. Finally, Sanford C. Bernstein boosted their target price on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th.

Institutional Investors Weigh In On SEA

Hedge funds have recently made changes to their positions in the business. Gulf International Bank UK Ltd raised its stake in shares of SEA by 0.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 28,745 shares of the Internet company based in Singapore’s stock worth $1,543,000 after buying an additional 258 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in SEA by 2.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock worth $546,000 after acquiring an additional 271 shares in the last quarter. Sunbelt Securities Inc. grew its position in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. boosted its position in SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after purchasing an additional 336 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SEA stock opened at $62.82 on Friday. SEA has a 12-month low of $34.35 and a 12-month high of $88.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The company has a market capitalization of $35.48 billion, a price-to-earnings ratio of 261.75 and a beta of 1.50. The firm’s fifty day moving average price is $53.85 and its 200 day moving average price is $44.92.

SEA (NYSE:SE) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, research analysts forecast that SEA will post 0.72 EPS for the current fiscal year.

SEA Company Profile

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.