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

Shares of Sea Limited (NYSE:SE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $66.77.

A number of analysts have issued reports on SE shares. Benchmark boosted their target price on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Barclays boosted their target price on shares of SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Daiwa Capital Markets upgraded shares of SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Finally, HSBC upped their price objective on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its position in shares of SEA by 91.4% in the third 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. boosted its holdings in shares of SEA by 70.9% in 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. GAMMA Investing LLC boosted its holdings 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 during the last quarter. Tyler Stone Wealth Management acquired a new position in shares of SEA in the 2nd quarter valued at $33,000. Finally, Blue Trust Inc. boosted its holdings in shares of SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 2.2 %

Shares of SEA stock opened at $55.06 on Friday. The stock has a market cap of $31.10 billion, a P/E ratio of 229.42 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The stock’s 50 day simple moving average is $52.72 and its 200-day simple moving average is $44.53. SEA has a 1-year low of $34.35 and a 1-year high of $88.39.

SEA (NYSE:SE) last released its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Analysts predict that SEA will post 1.01 EPS for the current fiscal year.

SEA Company Profile

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.