Sea Limited (NYSE:SE) Receives $91.21 Average PT from Brokerages

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

Several research firms have recently weighed in on SE. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Barclays raised their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of SE. Norges Bank acquired a new stake in shares of SEA in the 4th quarter valued at $1,493,682,000. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the third quarter worth about $587,544,000. WCM Investment Management LLC boosted its holdings 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 valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Baillie Gifford & Co. grew its position 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 worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $136.18 on Thursday. The firm has a market capitalization of $77.94 billion, a PE ratio of 907.85 and a beta of 1.55. The stock’s fifty day moving average is $116.79 and its 200 day moving average is $101.30. SEA has a fifty-two week low of $43.27 and a fifty-two week high of $139.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

About SEA

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.