Analysts Set Sea Limited Sponsored ADR (NYSE:SE) Target Price at $161.66

Shares of Sea Limited Sponsored ADR (NYSE:SEGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned 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 issued ratings on the stock in the last year is $158.6583.

Several equities research analysts have recently commented on the company. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Barclays decreased their price target on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. JPMorgan Chase & Co. decreased their price target on SEA from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday.

View Our Latest Stock Report on SEA

Trending Headlines about SEA

Here are the key news stories impacting SEA this week:

Insiders Place Their Bets

In other SEA news, Director David Y. Ma sold 176,719 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $87.56, for a total value of $15,473,515.64. Following the transaction, the director owned 895,364 shares of the company’s stock, valued at approximately $78,398,071.84. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,568,052 shares of company stock valued at $137,823,797 over the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fred Alger Management LLC boosted its position in SEA by 22.1% in the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after purchasing an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 24.4% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after purchasing an additional 350,840 shares during the last quarter. SG Americas Securities LLC boosted its position in SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares during the last quarter. Charles Lim Capital Ltd boosted its position in SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after purchasing an additional 175,746 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 2.6%

Shares of SE stock opened at $93.55 on Friday. The company has a market cap of $57.16 billion, a P/E ratio of 36.83, a PEG ratio of 0.98 and a beta of 1.57. The stock has a 50 day simple moving average of $85.74 and a two-hundred day simple moving average of $113.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. SEA has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

SEA (NYSE:SEGet Free Report) last issued its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.79% and a net margin of 6.41%.The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Research analysts forecast that SEA will post 3.39 earnings per share for the current year.

SEA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for SEA (NYSE:SE)

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