Sea Limited Sponsored ADR (NYSE:SE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $153.17.

Several analysts recently issued reports on SE shares. Loop Capital reissued a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Benchmark lifted their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Barclays lifted their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th.

SEA Price Performance

Shares of SE stock traded down $1.24 on Friday, reaching $148.16. The company's stock had a trading volume of 2,875,024 shares, compared to its average volume of 4,356,027. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock's 50 day simple moving average is $156.46 and its 200-day simple moving average is $134.23. The company has a market capitalization of $87.28 billion, a P/E ratio of 104.34 and a beta of 1.60. SEA has a 12-month low of $55.00 and a 12-month high of $172.65.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The firm had revenue of $4.84 billion for 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 company's revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. As a group, equities analysts predict that SEA will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in the stock. MAI Capital Management raised its stake in SEA by 7.3% during the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock valued at $156,000 after buying an additional 82 shares during the last quarter. Pacer Advisors Inc. raised its stake in SEA by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after buying an additional 87 shares during the last quarter. State of Wyoming increased its stake in shares of SEA by 3.1% in 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 stake in shares of SEA by 4.8% in 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. increased its stake in shares of 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 worth $111,000 after purchasing an additional 100 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.