Analysts Set Sea Limited (NYSE:SE) Price Target at $91.21

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

A number of research firms recently weighed in on SE. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush restated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, TD Cowen raised their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On SEA

Several large investors have recently modified their holdings of SE. Duquesne Family Office LLC purchased a new stake in shares of SEA in the 2nd quarter valued at approximately $4,778,000. WCM Investment Management LLC boosted its position in shares of SEA by 35.9% in the third 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 buying an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of SEA by 1.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after buying an additional 7,175 shares in the last quarter. Toronto Dominion Bank raised its position in SEA by 28.2% during the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after buying an additional 196,506 shares during the period. Finally, M&T Bank Corp lifted its stake in SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

Shares of NYSE SE opened at $118.16 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $111.61 and its two-hundred day moving average price is $93.13. SEA has a 52-week low of $35.64 and a 52-week high of $119.47. The stock has a market capitalization of $67.62 billion, a P/E ratio of 787.70 and a beta of 1.54.

SEA (NYSE:SE) last released 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 company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) EPS. As a group, sell-side analysts forecast that SEA will post 0.81 earnings per share for the current year.

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.