Sea Limited Sponsored ADR (NYSE:SE) Receives $189.84 Average PT from Analysts

Shares of Sea Limited Sponsored ADR (NYSE:SE) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $189.8385.

A number of research firms recently commented on SE. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research report on Friday, February 6th. Wedbush lowered their price target on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Phillip Securities upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. Finally, TD Cowen dropped their target price on shares of SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a report on Monday, November 10th.

SEA Stock Performance

Shares of SE stock opened at $108.37 on Monday. The stock has a market cap of $63.84 billion, a PE ratio of 47.53 and a beta of 1.59. The stock has a 50-day moving average of $120.48 and a 200-day moving average of $148.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42. SEA has a one year low of $99.50 and a one year high of $199.30.

SEA announced that its Board of Directors has approved a share repurchase program 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. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC grew its holdings in shares of SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after buying an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new position in SEA during the 3rd quarter worth approximately $29,000. Rothschild Investment LLC grew its stake in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 259 shares during the last quarter. Finally, Holos Integrated Wealth LLC bought a new stake in shares of SEA in the fourth quarter worth $44,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

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.