Brokerages Set Sea Limited (NYSE:SE) Target Price at $91.21

Sea Limited (NYSE:SE) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $91.21.

SE has been the subject of a number of research analyst reports. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Wedbush reissued an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen increased their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. bought a new stake in SEA in the 3rd quarter valued at $587,544,000. WCM Investment Management LLC lifted its position in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. lifted its position in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. Perpetual Ltd lifted its position in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd lifted its position in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 1.6 %

Shares of SEA stock opened at $116.44 on Friday. SEA has a 1 year low of $38.10 and a 1 year high of $119.47. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market cap of $66.64 billion, a P/E ratio of 776.24 and a beta of 1.54. The stock has a 50-day moving average price of $112.14 and a 200 day moving average price of $93.46.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.26) EPS. As a group, analysts expect that SEA will post 0.76 EPS for the current fiscal year.

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.