Sea Limited (NYSE:SE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sea Limited (NYSE:SEGet Free Report) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $73.50.

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Bank of America boosted their target price on shares of SEA from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Benchmark boosted their target price on shares of SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $72.00 target price on shares of SEA in a research report on Tuesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 target price on shares of SEA in a research report on Wednesday, May 15th.

Read Our Latest Report on SE

SEA Price Performance

SE opened at $73.54 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. SEA has a 52-week low of $34.35 and a 52-week high of $76.60. The company has a 50 day moving average of $71.00 and a two-hundred day moving average of $56.28. The company has a market cap of $42.09 billion, a P/E ratio of 1,470.80 and a beta of 1.51.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $0.15 earnings per share. SEA’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, analysts expect that SEA will post 0.66 earnings per share for the current year.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its holdings in shares of SEA by 14.6% during the second quarter. Harbor Capital Advisors Inc. now owns 7,154 shares of the Internet company based in Singapore’s stock worth $511,000 after purchasing an additional 909 shares during the period. Hamilton Wealth LLC bought a new position in shares of SEA during the first quarter worth about $435,000. Cetera Advisors LLC bought a new position in shares of SEA during the first quarter worth about $230,000. Swedbank AB bought a new position in shares of SEA during the first quarter worth about $4,404,000. Finally, Untitled Investments LP grew its position in shares of SEA by 65.6% during the first quarter. Untitled Investments LP now owns 471,223 shares of the Internet company based in Singapore’s stock worth $25,309,000 after acquiring an additional 186,730 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

About SEA

(Get Free Report

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.

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Analyst Recommendations for SEA (NYSE:SE)

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