Brokerages Set Sea Limited (NYSE:SE) Price Target at $145.23

Sea Limited (NYSE:SE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $145.23.

Several brokerages have recently issued reports on SE. Loop Capital raised their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Barclays lifted their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th.

SEA Stock Performance

SE traded up $1.42 during midday trading on Friday, reaching $165.48. The company had a trading volume of 6,393,572 shares, compared to its average volume of 4,458,782. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business has a 50-day moving average price of $133.58 and a two-hundred day moving average price of $123.70. SEA has a 12-month low of $55.00 and a 12-month high of $169.19. The stock has a market cap of $97.49 billion, a PE ratio of 1,103.20 and a beta of 1.70.

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

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in SEA during the 4th quarter worth about $463,000. Merit Financial Group LLC purchased a new position in shares of SEA during the fourth quarter worth about $315,000. Ballentine Partners LLC lifted its stake in SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock valued at $315,000 after buying an additional 158 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in SEA by 42.2% during the 4th quarter. Atomi Financial Group Inc. now owns 3,050 shares of the Internet company based in Singapore's stock worth $324,000 after purchasing an additional 905 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of SEA by 95.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock worth $1,332,000 after buying an additional 6,140 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

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.