Sea Limited (NYSE:SE) Receives $82.54 Average Price Target from Analysts

Shares of Sea Limited (NYSE:SE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $82.54.

SE has been the topic of a number of recent research reports. Barclays raised their price objective on SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. TD Cowen increased their target price on shares of SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, July 23rd. Finally, Benchmark boosted their target price on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

SEA Trading Up 0.6 %

SEA stock traded up $0.53 during trading hours on Tuesday, hitting $95.72. The company had a trading volume of 1,273,340 shares, compared to its average volume of 5,393,923. The firm has a market cap of $54.78 billion, a P/E ratio of -271.80 and a beta of 1.52. The company has a 50-day moving average price of $90.18 and a two-hundred day moving average price of $77.14. SEA has a 1 year low of $34.35 and a 1 year high of $101.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business's revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, sell-side analysts anticipate that SEA will post 0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SE. Sumitomo Mitsui Trust Group Inc. grew its stake in SEA by 3.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,167,351 shares of the Internet company based in Singapore's stock valued at $110,058,000 after acquiring an additional 43,047 shares during the period. Baillie Gifford & Co. grew its position in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. GSA Capital Partners LLP raised its position in SEA by 249.5% in the third quarter. GSA Capital Partners LLP now owns 16,471 shares of the Internet company based in Singapore's stock valued at $1,553,000 after purchasing an additional 11,758 shares during the period. Apollon Wealth Management LLC lifted its position in SEA by 9.0% in the third quarter. Apollon Wealth Management LLC now owns 33,342 shares of the Internet company based in Singapore's stock valued at $3,143,000 after buying an additional 2,763 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock worth $1,971,303,000 after buying an additional 5,517,559 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.