Sea Limited Sponsored ADR (NYSE:SE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Sea Limited Sponsored ADR (NYSE:SE) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $159.8182.

Several brokerages recently issued reports on SE. Barclays increased their price target on shares of SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Wedbush reiterated an “outperform” rating on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reiterated a “buy” rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Benchmark increased their price target on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th.

SEA Trading Down 0.9%

NYSE:SE opened at $146.24 on Thursday. The company has a 50-day moving average price of $156.26 and a 200-day moving average price of $141.12. SEA has a 12 month low of $65.15 and a 12 month high of $172.65. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a market cap of $86.15 billion, a price-to-earnings ratio of 102.99 and a beta of 1.58.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Equities analysts predict that SEA will post 0.74 EPS for the current year.

Institutional Trading of SEA

Large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of SEA by 42.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore’s stock worth $2,272,000 after acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore’s stock worth $461,000 after acquiring an additional 279 shares during the period. Brucke Financial Inc. bought a new stake in shares of SEA in the fourth quarter worth approximately $211,000. Sowell Financial Services LLC purchased a new position in shares of SEA in the first quarter worth approximately $216,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of SEA by 10.9% in the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore’s stock worth $631,000 after buying an additional 476 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.