Brokerages Set Sea Limited (NYSE:SE) Target Price at $66.77

Sea Limited (NYSE:SE) has earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $68.31.

SE has been the subject of a number of recent research reports. Barclays raised their price target on SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $70.00 in a research note on Monday. Wedbush boosted their target price on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Benchmark raised their price target on shares of SEA from $65.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $50.00 in a report on Thursday, February 1st.

Institutional Trading of SEA

Several hedge funds have recently added to or reduced their stakes in SE. Gulf International Bank UK Ltd grew 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 valued at $1,543,000 after purchasing an additional 258 shares during the period. Maryland State Retirement & Pension System raised its stake in SEA by 2.2% during the third 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. lifted its holdings in shares of 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 acquiring an additional 320 shares during the period. UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 327 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $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

SE stock opened at $62.03 on Friday. The firm has a 50 day simple moving average of $53.04 and a 200 day simple moving average of $44.65. SEA has a 52 week low of $34.35 and a 52 week high of $88.39. The stock has a market cap of $35.03 billion, a P/E ratio of 258.46 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last issued 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). SEA had a net margin of 1.27% and a return on equity of 2.54%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the business earned $0.72 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts anticipate that SEA will post 1.01 earnings per share for the current fiscal year.

About SEA

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.