Sea Limited (NYSE:SE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sea Limited (NYSE:SE – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $123.38.

A number of equities analysts recently issued reports on SE shares. Citigroup decreased their target price on shares of SEA from $129.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 16th. Cowen lowered shares of SEA from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $72.00 to $60.00 in a research report on Monday, November 21st. Cowen lowered shares of SEA from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $72.00 to $60.00 in a research report on Monday, November 21st. Barclays decreased their target price on shares of SEA from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, November 17th. Finally, Morgan Stanley reduced their price objective on shares of SEA from $116.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, November 17th.

SEA Stock Down 4.1 %

SE stock opened at $64.00 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.84. SEA has a fifty-two week low of $40.67 and a fifty-two week high of $175.36. The firm’s 50-day simple moving average is $56.98 and its 200 day simple moving average is $60.83. The stock has a market cap of $35.70 billion, a PE ratio of -13.20 and a beta of 1.58.

SEA (NYSE:SE – Get Rating) last released its quarterly earnings data on Tuesday, November 15th. The Internet company based in Singapore reported ($1.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.26. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.06 billion. SEA had a negative net margin of 22.08% and a negative return on equity of 41.82%. As a group, sell-side analysts predict that SEA will post -4.49 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ronald Blue Trust Inc. purchased a new stake in shares of SEA in the second quarter worth approximately $46,000. Truvestments Capital LLC purchased a new stake in shares of SEA in the second quarter worth approximately $29,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of SEA in the second quarter worth approximately $30,000. SeaCrest Wealth Management LLC purchased a new stake in shares of SEA in the second quarter worth approximately $34,000. Finally, Laffer Tengler Investments purchased a new stake in shares of SEA in the first quarter worth approximately $66,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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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; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.