Sea Limited Sponsored ADR (NYSE:SE) Receives $192.61 Consensus PT from Analysts

Sea Limited Sponsored ADR (NYSE:SE) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $192.6077.

SE has been the subject of a number of research reports. Phillip Securities upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. Morgan Stanley set a $209.00 price objective on shares of SEA in a research note on Wednesday, October 22nd. Finally, Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th.

SEA Trading Down 4.4%

SEA stock opened at $116.52 on Thursday. SEA has a 12 month low of $99.50 and a 12 month high of $199.30. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $128.50 and its two-hundred day simple moving average is $155.22. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 51.11 and a beta of 1.57.

SEA (NYSE:SE) last issued its 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 return on equity of 15.19% and a net margin of 6.80%.The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, equities analysts predict that SEA will post 0.74 earnings per share for the current fiscal year.

SEA declared that its board has authorized a share buyback 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 purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SE. Fred Alger Management LLC grew its position in shares of SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares during the last quarter. Baird Financial Group Inc. grew its holdings in SEA by 14.4% during the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after buying an additional 70,070 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after buying an additional 27,964 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in SEA by 1.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore’s stock worth $27,024,000 after acquiring an additional 2,106 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.