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

Shares of Sea Limited (NYSE:SE) have earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $91.21.

A number of brokerages have recently weighed in on SE. Wedbush restated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Barclays raised their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, TD Cowen increased their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th.

SEA Price Performance

Shares of SE opened at $134.72 on Thursday. SEA has a twelve month low of $43.10 and a twelve month high of $135.06. The firm’s fifty day simple moving average is $115.44 and its 200-day simple moving average is $99.77. The firm has a market capitalization of $77.10 billion, a price-to-earnings ratio of 898.11 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Sanctuary Advisors LLC purchased a new position in SEA during the 2nd quarter worth $388,000. Ritholtz Wealth Management purchased a new position in SEA during the 3rd quarter worth $593,000. Swedbank AB grew its position in SEA by 53.0% during the 3rd quarter. Swedbank AB now owns 143,344 shares of the Internet company based in Singapore’s stock worth $13,514,000 after purchasing an additional 49,684 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new position in SEA during the 3rd quarter worth $2,223,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in SEA by 1.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,354 shares of the Internet company based in Singapore’s stock worth $3,427,000 after purchasing an additional 446 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.