Sea Limited (NYSE:SE) Receives $91.21 Average Target Price from Analysts

Sea Limited (NYSE:SE) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $91.21.

Several equities analysts have weighed in on SE shares. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays increased their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wedbush restated an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th.

SEA Stock Performance

SEA stock opened at $108.72 on Wednesday. The company has a market cap of $62.22 billion, a PE ratio of 724.80 and a beta of 1.53. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. SEA has a 1 year low of $34.35 and a 1 year high of $119.47. The company’s 50-day moving average is $107.39 and its two-hundred day moving average is $88.40.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.26) earnings per share. Equities analysts anticipate that SEA will post 0.81 earnings per share for the current year.

Institutional Trading of SEA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kaizen Investment Management Pte. Ltd. bought a new position in SEA during the third quarter worth about $587,544,000. WCM Investment Management LLC increased its holdings in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. CoreView Capital Management Ltd boosted its position in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after purchasing an additional 1,543,743 shares during the period. Finally, Eminence Capital LP increased its holdings in shares of SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.