Sea Limited (NYSE:SE) Given Average Rating of “Moderate Buy” by Brokerages

Sea Limited (NYSE:SE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $68.31.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $70.00 in a research report on Monday. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $70.00 in a research report on Monday. Daiwa Capital Markets upgraded shares of SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Wedbush lifted their price target on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th.

SEA Stock Up 4.4 %

Shares of NYSE:SE opened at $62.03 on Friday. The stock has a 50-day simple moving average of $53.04 and a 200-day simple moving average of $44.65. The stock has a market capitalization of $35.03 billion, a P/E ratio of 258.46 and a beta of 1.50. SEA has a 1 year low of $34.35 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

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

Institutional Trading of SEA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after acquiring an additional 8,045,977 shares in the last quarter. Sands Capital Management LLC lifted its stake in SEA by 3.5% during the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after purchasing an additional 542,996 shares during the last quarter. Norges Bank acquired a new position in SEA in the fourth quarter worth $640,219,000. Ward Ferry Management BVI Ltd boosted its holdings in SEA by 13.2% in the third quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock worth $194,234,000 after purchasing an additional 514,455 shares during the period. Finally, Kora Management LP increased its stake in SEA by 0.7% during the fourth quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock valued at $171,619,000 after purchasing an additional 28,000 shares during the last quarter. 59.53% of the stock is owned by 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 eSports operations.