Brokerages Set Sea Limited Sponsored ADR (NYSE:SE) PT at $192.61

Sea Limited Sponsored ADR (NYSE:SE) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $192.6077.

A number of research analysts have issued reports on SE shares. Phillip Securities upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $206.00 to $215.00 in a report on Thursday, October 16th. Sanford C. Bernstein lowered their price objective on shares of SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th.

SEA Stock Up 2.3%

Shares of SE opened at $142.99 on Friday. The firm has a 50 day simple moving average of $136.45 and a two-hundred day simple moving average of $158.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42. SEA has a one year low of $99.50 and a one year high of $199.30. The company has a market cap of $84.24 billion, a P/E ratio of 62.72 and a beta of 1.57.

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). SEA had a net margin of 6.80% and a return on equity of 15.19%. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. Research analysts forecast that SEA will post 0.74 EPS for the current fiscal year.

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

Hedge Funds Weigh In On SEA

Large investors have recently bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new stake in shares of SEA during the fourth quarter valued at about $44,000. Oarsman Capital Inc. bought a new position in SEA in the 3rd quarter valued at approximately $201,000. Armistice Capital LLC boosted its position in SEA by 254.8% during the 3rd quarter. Armistice Capital LLC now owns 22,000 shares of the Internet company based in Singapore’s stock worth $3,932,000 after buying an additional 15,800 shares during the period. Williamson Legacy Group LLC bought a new stake in SEA during the 3rd quarter worth approximately $1,232,000. Finally, Fred Alger Management LLC grew its holdings in SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after acquiring an additional 521,782 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.