Sea Ltd (NYSE:SE) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $42.40.

Several equities analysts have recently weighed in on SE shares. Citigroup set a $38.00 price target on SEA and gave the company a “buy” rating in a report on Wednesday, August 21st. Piper Jaffray Companies increased their price target on SEA from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Stifel Nicolaus increased their price target on SEA from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Credit Suisse Group set a $44.00 price target on SEA and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research cut SEA from a “buy” rating to a “hold” rating in a report on Saturday.

Shares of NYSE SE traded down $0.85 during midday trading on Friday, hitting $26.98. 4,353,431 shares of the stock traded hands, compared to its average volume of 3,673,475. The firm has a 50-day moving average of $30.61 and a two-hundred day moving average of $30.31. The firm has a market capitalization of $9.10 billion, a P/E ratio of -9.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.87 and a current ratio of 1.89. SEA has a one year low of $10.52 and a one year high of $38.00.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 20th. The Internet company based in Singapore reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.16. The firm had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $615.76 million. SEA had a negative return on equity of 158.33% and a negative net margin of 114.88%. The company’s revenue was up 132.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.94) EPS. Equities analysts forecast that SEA will post -3.33 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC bought a new position in SEA in the 2nd quarter worth $68,000. Manning & Napier Group LLC raised its holdings in SEA by 70.0% in the 2nd quarter. Manning & Napier Group LLC now owns 2,802,275 shares of the Internet company based in Singapore’s stock worth $93,089,000 after purchasing an additional 1,153,575 shares during the period. Advisor Group Inc. raised its holdings in SEA by 7,676.9% in the 2nd quarter. Advisor Group Inc. now owns 55,138 shares of the Internet company based in Singapore’s stock worth $1,832,000 after purchasing an additional 54,429 shares during the period. Daiwa Securities Group Inc. raised its holdings in SEA by 85.7% during the second quarter. Daiwa Securities Group Inc. now owns 4,550 shares of the Internet company based in Singapore’s stock valued at $151,000 after acquiring an additional 2,100 shares during the period. Finally, FNY Investment Advisers LLC raised its holdings in SEA by 14,283.3% during the second quarter. FNY Investment Advisers LLC now owns 6,041 shares of the Internet company based in Singapore’s stock valued at $200,000 after acquiring an additional 5,999 shares during the period. 64.40% of the stock is currently owned by institutional investors.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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Analyst Recommendations for SEA (NYSE:SE)

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