Sea Limited Sponsored ADR (NYSE:SE) Receives $192.61 Consensus Target Price from Brokerages

Sea Limited Sponsored ADR (NYSE:SE) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $192.6077.

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Phillip Securities upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Wedbush cut their price target on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Morgan Stanley set a $209.00 price target on SEA in a research report on Wednesday, October 22nd. Finally, Sanford C. Bernstein lowered their price objective on SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd.

Hedge Funds Weigh In On SEA

Several hedge funds have recently modified their holdings of SE. ORG Partners LLC raised its position in shares of SEA by 552.0% in the 2nd quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Salomon & Ludwin LLC increased its stake in SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after purchasing an additional 143 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of SEA in the third quarter worth $29,000. Rothschild Investment LLC lifted its stake in shares of SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 106 shares during the period. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of SEA during the fourth quarter worth $44,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Down 3.7%

Shares of NYSE:SE opened at $134.13 on Friday. The company has a market capitalization of $79.02 billion, a PE ratio of 58.83 and a beta of 1.57. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. SEA has a 12-month low of $99.50 and a 12-month high of $199.30. The business’s fifty day simple moving average is $135.67 and its 200-day simple moving average is $158.38.

SEA (NYSE:SE) last issued its quarterly earnings data on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a net margin of 6.80% and a return on equity of 15.19%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the previous year, the business earned $0.24 EPS. SEA’s revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, equities research analysts predict that SEA will post 0.74 earnings per share for the current fiscal year.

SEA announced that its board has approved a share repurchase plan on Monday, November 17th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the Internet company based in Singapore to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

SEA Company Profile

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.