Sea Limited Sponsored ADR (NYSE:SE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sea Limited Sponsored ADR (NYSE:SE) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $194.9154.

A number of analysts have issued reports on the company. Morgan Stanley set a $209.00 target price on SEA in a research report on Wednesday, October 22nd. TD Cowen lowered their price target on shares of SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SEA in a report on Monday, December 8th. Barclays lifted their price objective on shares of SEA from $214.00 to $226.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Finally, Sanford C. Bernstein dropped their target price on SEA from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd.

SEA Stock Performance

Shares of SE stock opened at $125.08 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.42 and a current ratio of 1.44. The firm has a market cap of $73.69 billion, a price-to-earnings ratio of 54.86 and a beta of 1.58. SEA has a 52 week low of $99.50 and a 52 week high of $199.30. The firm’s 50-day simple moving average is $151.36 and its two-hundred day simple moving average is $162.61.

SEA (NYSE:SE) last issued its quarterly earnings results on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.52). The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.63 billion. SEA had a return on equity of 15.19% and a net margin of 6.80%.The company’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, equities analysts forecast that SEA will post 0.74 earnings per share for the current year.

SEA announced that its board has initiated a share repurchase plan on Monday, November 17th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the Internet company based in Singapore to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC boosted its position in shares of SEA by 2,860.0% in the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after acquiring an additional 143 shares during the period. Sound Income Strategies LLC bought a new stake in SEA during the 3rd quarter worth approximately $29,000. ORG Partners LLC lifted its stake in SEA by 552.0% in the 2nd quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after purchasing an additional 138 shares in the last quarter. Rothschild Investment LLC lifted its stake in SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in SEA in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

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.