Sea Limited (NYSE:SE) Receives $91.21 Consensus Target Price from Analysts

Shares of Sea Limited (NYSE:SE) have been given an average rating of “Moderate Buy” by the fifteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $91.21.

Several brokerages recently weighed in on SE. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Wedbush reissued an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th.

Institutional Investors Weigh In On SEA

A number of large investors have recently modified their holdings of the business. Rosenberg Matthew Hamilton boosted its position in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of SEA during the 3rd quarter worth approximately $41,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the third quarter valued at approximately $47,000. SOA Wealth Advisors LLC. increased its holdings in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Down 0.8 %

NYSE:SE opened at $108.72 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company’s fifty day moving average price is $107.58 and its 200-day moving average price is $88.75. SEA has a 1-year low of $34.35 and a 1-year high of $119.47. The firm has a market capitalization of $62.22 billion, a P/E ratio of 724.80 and a beta of 1.53.

SEA (NYSE:SE) last released 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 analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) EPS. As a group, equities research analysts anticipate that SEA will post 0.81 EPS for the current year.

About SEA

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.