Sea Limited Sponsored ADR (NYSE:SE) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from 15 analysts (1 sell, 3 hold, 10 buy, 1 strong buy) and an average 12‑month target of $166.83.
• Quarterly results: SEA reported $0.63 EPS (missed $0.91) while revenue rose 38.4% to $6.85B and beat estimates; analysts forecast about $0.74 EPS for the fiscal year.
• Analyst shifts and stock level: several firms cut targets (Barclays to $120 from $226) and the stock opened at $81.03 (down ~4.1%), trading well below its consensus target and 12‑month high of $199.30.

Shares of Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $166.8250.

Several research firms have issued reports on SE. Barclays cut their target price on SEA from $226.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, March 5th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the company an "overweight" rating in a report on Friday, March 13th. Bank of America reaffirmed a "buy" rating and issued a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of SEA in a research note on Monday, December 29th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $150.00 target price on shares of SEA in a research report on Tuesday, March 3rd.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Woodline Partners LP purchased a new position in shares of SEA in the first quarter worth $4,028,000. Handelsbanken Fonder AB grew its holdings in shares of SEA by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore's stock valued at $27,024,000 after buying an additional 2,106 shares during the last quarter. Intellus Advisors LLC purchased a new stake in shares of SEA during the second quarter valued at $240,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of SEA in the 2nd quarter valued at $50,000. Finally, Baird Financial Group Inc. raised its stake in SEA by 14.4% in the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore's stock worth $88,924,000 after acquiring an additional 70,070 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Down 4.1%

Shares of NYSE SE opened at $81.03 on Friday. SEA has a 12-month low of $77.05 and a 12-month high of $199.30. The stock's fifty day simple moving average is $108.79 and its two-hundred day simple moving average is $139.86. The stock has a market capitalization of $47.73 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The company's revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, analysts expect that SEA will post 0.74 EPS for the current fiscal year.

SEA Company Profile

Sea Limited NYSE: SE is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea's digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.