Analysts Set Sea Limited (NYSE:SE) Price Target at $68.29

Shares of Sea Limited (NYSE:SE) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $68.29.

A number of brokerages have weighed in on SE. Benchmark boosted their price objective on SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Sanford C. Bernstein boosted their price objective on SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Morgan Stanley boosted their price objective on SEA from $47.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Barclays boosted their price objective on SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th.

SEA Stock Up 0.3 %

Shares of SE opened at $53.71 on Monday. The firm has a market cap of $30.33 billion, a P/E ratio of 223.79 and a beta of 1.50. SEA has a 12-month low of $34.35 and a 12-month high of $88.84. The company’s 50-day moving average price is $48.41 and its 200 day moving average price is $42.91. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last issued its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that SEA will post 1.01 earnings per share for the current year.

Institutional Trading of SEA

A number of large investors have recently made changes to their positions in SE. Arisaig Partners Asia Pte Ltd. raised its holdings in shares of SEA by 13.2% in the 1st quarter. Arisaig Partners Asia Pte Ltd. now owns 1,545,971 shares of the Internet company based in Singapore’s stock worth $190,835,000 after purchasing an additional 179,821 shares during the period. Private Advisor Group LLC purchased a new stake in shares of SEA during the 1st quarter valued at about $240,000. MetLife Investment Management LLC raised its holdings in shares of SEA by 133.9% during the 1st quarter. MetLife Investment Management LLC now owns 26,200 shares of the Internet company based in Singapore’s stock valued at $3,138,000 after buying an additional 15,000 shares during the period. APG Asset Management N.V. raised its holdings in shares of SEA by 120.2% during the 1st quarter. APG Asset Management N.V. now owns 14,220 shares of the Internet company based in Singapore’s stock valued at $1,531,000 after buying an additional 7,763 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of SEA by 56.3% during the 1st quarter. Yousif Capital Management LLC now owns 15,740 shares of the Internet company based in Singapore’s stock valued at $1,885,000 after buying an additional 5,670 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.