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

Shares of Sea Limited (NYSE:SE) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $80.92.

Several brokerages recently issued reports on SE. Benchmark raised 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. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Wedbush reissued an “outperform” rating and set a $84.00 target price (up previously from $76.00) on shares of SEA in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Canton Hathaway LLC grew its holdings in shares of SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares during the last quarter. Parallel Advisors LLC increased its holdings in SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after purchasing an additional 250 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after acquiring an additional 336 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 3.3 %

SEA stock opened at $96.90 on Friday. The company has a fifty day simple moving average of $83.96 and a 200 day simple moving average of $72.91. 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 has a 1-year low of $34.35 and a 1-year high of $101.01. The company has a market cap of $55.46 billion, a P/E ratio of -276.86 and a beta of 1.52.

SEA (NYSE:SE) last announced its quarterly earnings data 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). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Research analysts anticipate that SEA will post 0.64 earnings per share 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 promotes eSports operations.