Analysts Set Sea Limited (NYSE:SE) PT at $82.54

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 stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $82.54.

Several equities analysts have recently commented on the company. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Benchmark boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Barclays increased their target price on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Citigroup lowered their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, Wedbush restated an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday.

SEA Price Performance

SE stock opened at $95.71 on Tuesday. The firm has a 50 day simple moving average of $91.10 and a two-hundred day simple moving average of $77.68. The stock has a market cap of $54.78 billion, a PE ratio of -273.46 and a beta of 1.52. SEA has a one year low of $34.35 and a one year high of $101.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. On average, analysts predict that SEA will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several hedge funds have recently made changes to their positions in the business. Caprock Group LLC bought a new stake in SEA in the third quarter valued at $267,000. LMR Partners LLP purchased a new position in shares of SEA during the third quarter valued at about $312,000. Swiss National Bank boosted its position in SEA by 1.5% during the 3rd quarter. Swiss National Bank now owns 1,099,800 shares of the Internet company based in Singapore’s stock valued at $103,689,000 after acquiring an additional 16,300 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of SEA by 351.6% during the 3rd quarter. Natixis Advisors LLC now owns 257,230 shares of the Internet company based in Singapore’s stock worth $24,252,000 after acquiring an additional 200,267 shares during the period. Finally, Connable Office Inc. bought a new position in shares of SEA in the 3rd quarter worth approximately $1,558,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

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 promotes eSports operations.