Brokerages Set Sea Limited (NYSE:SE) PT at $68.29

Shares of Sea Limited (NYSE:SEGet Free Report) have been assigned an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $68.29.

A number of brokerages have issued reports on SE. Morgan Stanley downgraded SEA from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 4th. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup raised SEA from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, Benchmark dropped their price target on SEA from $95.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th.

Check Out Our Latest Stock Report on SEA

SEA Stock Up 1.2 %

Shares of NYSE:SE opened at $42.39 on Friday. The company has a market capitalization of $23.94 billion, a PE ratio of 36.86 and a beta of 1.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.70 and a quick ratio of 1.69. The business has a fifty day moving average price of $38.28 and a two-hundred day moving average price of $42.01. SEA has a 1 year low of $34.35 and a 1 year high of $88.84.

SEA (NYSE:SEGet Free Report) last announced its quarterly earnings data on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.17 billion. SEA had a net margin of 5.44% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned ($1.02) EPS. Analysts forecast that SEA will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in SE. IFP Advisors Inc increased its stake in SEA by 16.4% in the 2nd quarter. IFP Advisors Inc now owns 1,531 shares of the Internet company based in Singapore’s stock worth $25,000 after acquiring an additional 216 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of SEA by 204.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 506 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 340 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. increased its position in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new position in shares of SEA during the 2nd quarter valued at about $33,000. 72.05% of the stock is currently owned by institutional investors.

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 eSports operations.

Further Reading

Analyst Recommendations for SEA (NYSE:SE)

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