Sea Limited (NYSE:SE) Receives Average Rating of "Moderate Buy" from Brokerages

Sea Limited (NYSE:SE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $66.77.

Several research firms have weighed in on SE. Bank of America lifted their price objective on shares of SEA from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 5th. Benchmark upped their price target on SEA from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. HSBC increased their price objective on SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Daiwa Capital Markets raised SEA from a "neutral" rating to a "buy" rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SE. Norges Bank bought a new position in shares of SEA in the 4th quarter valued at approximately $640,219,000. Baillie Gifford & Co. boosted its holdings in shares of SEA by 30.8% during 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 buying an additional 8,045,977 shares during the period. Assenagon Asset Management S.A. grew its stake in SEA by 12,344.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore's stock valued at $107,555,000 after buying an additional 2,634,327 shares during the last quarter. Capital International Investors raised its holdings in SEA by 92.1% in the 1st quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore's stock worth $409,473,000 after acquiring an additional 1,638,408 shares during the period. Finally, Altimeter Capital Management LP lifted its position in SEA by 128.0% during the 1st quarter. Altimeter Capital Management LP now owns 2,850,000 shares of the Internet company based in Singapore's stock worth $131,784,000 after acquiring an additional 1,600,000 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Trading Down 2.2 %

SE traded down $1.24 during trading on Friday, reaching $55.06. The company had a trading volume of 3,649,537 shares, compared to its average volume of 6,501,832. The firm's 50-day simple moving average is $52.72 and its 200 day simple moving average is $44.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 229.42 and a beta of 1.50. SEA has a 12-month low of $34.35 and a 12-month high of $88.39.

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

SEA Company Profile

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.