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

Sea Limited (NYSE:SE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $91.21.

A number of research firms recently weighed in on SE. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. 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 reissued a "reduce" rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Wedbush reissued an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of SEA by 9.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,090 shares of the Internet company based in Singapore's stock worth $2,768,000 after buying an additional 2,295 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of SEA by 196.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 224,507 shares of the Internet company based in Singapore's stock worth $23,820,000 after buying an additional 148,841 shares during the period. Soros Fund Management LLC acquired a new stake in shares of SEA during the fourth quarter worth $2,700,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of SEA by 430.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 42,400 shares of the Internet company based in Singapore's stock worth $4,499,000 after buying an additional 34,400 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of SEA during the fourth quarter worth $602,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 1.2 %

SEA stock traded up $1.59 during midday trading on Thursday, reaching $134.72. The stock had a trading volume of 3,762,520 shares, compared to its average volume of 3,200,215. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a 52-week low of $43.10 and a 52-week high of $135.06. The firm has a market cap of $77.10 billion, a price-to-earnings ratio of 898.11 and a beta of 1.55. The company has a fifty day moving average of $115.44 and a 200 day moving average of $99.77.

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.