Sea Limited (NYSE:SE) Receives $145.23 Average Target Price from Analysts

Shares of Sea Limited (NYSE:SE - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $147.15.

A number of analysts recently commented on the company. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Barclays increased their price objective on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Finally, UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th.

SEA Stock Performance

Shares of NYSE:SE traded down $3.75 during midday trading on Friday, reaching $161.17. The company had a trading volume of 4,287,099 shares, compared to its average volume of 4,448,930. SEA has a 52-week low of $55.00 and a 52-week high of $169.28. The company's 50 day moving average price is $135.75 and its 200 day moving average price is $124.71. The stock has a market cap of $94.95 billion, a P/E ratio of 1,074.48 and a beta of 1.70. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. As a group, sell-side analysts anticipate that SEA will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Norges Bank acquired a new stake in SEA during the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC grew its holdings in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the period. Jennison Associates LLC acquired a new stake in SEA during the first quarter worth about $336,521,000. Finally, Fred Alger Management LLC boosted its position in SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after purchasing an additional 1,528,301 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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.