Analysts Set Sea Limited (NYSE:SE) Price Target at $111.67

Sea Limited (NYSE:SE) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $116.67.

Several research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th.

SEA Stock Up 1.2 %

SEA stock opened at $129.28 on Monday. SEA has a 52 week low of $51.70 and a 52 week high of $147.73. The stock has a market cap of $73.99 billion, a price-to-earnings ratio of 861.85 and a beta of 1.62. The company’s 50-day moving average price is $122.09 and its two-hundred day moving average price is $107.16. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently modified their holdings of the business. Portside Wealth Group LLC purchased a new stake in SEA in the 3rd quarter worth about $284,000. Verdence Capital Advisors LLC grew its stake in SEA by 86.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,496 shares of the Internet company based in Singapore’s stock valued at $707,000 after acquiring an additional 3,469 shares in the last quarter. Assetmark Inc. increased its holdings in shares of SEA by 24.7% in the 3rd quarter. Assetmark Inc. now owns 1,427 shares of the Internet company based in Singapore’s stock valued at $135,000 after purchasing an additional 283 shares during the period. Atria Investments Inc lifted its position in shares of SEA by 262.5% in the third quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after purchasing an additional 10,588 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of SEA in the third quarter worth approximately $438,000. Institutional investors and hedge funds 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.