Brokerages Set Sea Limited Sponsored ADR (NYSE:SE) Target Price at $159.82

Key Points

• Sea Limited has received an average rating of "Moderate Buy" from analysts, with three holds, eight buys, and two strong buys among the thirteen analysts covering the stock.
• Significant price target adjustments were made by various firms, with Barclays raising their target to $200.00 and Bank of America lowering theirs to $160.00.
• The company reported a quarterly EPS of $0.65, missing estimates, while revenue increased by 29.6% year-over-year to $4.84 billion.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $159.8182.

A number of brokerages have weighed in on SE. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reissued a "buy" rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

SEA Stock Performance

SE traded down $1.11 on Thursday, reaching $147.75. The company had a trading volume of 3,845,296 shares, compared to its average volume of 4,544,364. The stock has a 50-day moving average price of $156.89 and a 200-day moving average price of $140.39. The stock has a market capitalization of $87.04 billion, a PE ratio of 104.05 and a beta of 1.58. SEA has a 1 year low of $62.40 and a 1 year high of $172.65. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE - Get Free Report) last posted its 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 firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. As a group, research analysts forecast that SEA will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in the business. MAI Capital Management increased its position in SEA by 7.3% during the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after buying an additional 82 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after acquiring an additional 87 shares during the last quarter. State of Wyoming increased its position in SEA by 3.1% during the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. increased its position in SEA by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after purchasing an additional 93 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake in SEA by 13.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

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.