Sea Limited (NYSE:SE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Sea Limited (NYSE:SE) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $80.00.

A number of analysts have recently issued reports on SE shares. Dbs Bank reaffirmed a “hold” rating and set a $75.00 target price on shares of SEA in a research report on Friday, June 28th. TD Cowen boosted their price target on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Citigroup reduced their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Benchmark upped their target price on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th.

Institutional Trading of SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new stake in shares of SEA during the 2nd quarter valued at $32,000. GAMMA Investing LLC lifted 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 valued at $33,000 after buying an additional 336 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after acquiring an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of SEA by 38.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 394 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after purchasing an additional 528 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

Shares of SE opened at $85.71 on Monday. The firm has a market capitalization of $49.06 billion, a PE ratio of 1,714.20 and a beta of 1.51. SEA has a twelve month low of $34.35 and a twelve month high of $86.37. The stock’s 50 day moving average is $73.66 and its two-hundred day moving average is $67.89. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. Research analysts anticipate that SEA will post 0.64 earnings per share for the current 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 promotes eSports operations.