Analysts Set Sea Limited Sponsored ADR (NYSE:SE) PT at $176.85

Shares of Sea Limited Sponsored ADR (NYSE:SE) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $176.85.

SE has been the subject of a number of research analyst reports. Benchmark raised their price objective on SEA from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Wedbush raised their price objective on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Macquarie restated an “outperform” rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Finally, Barclays lifted their price target on SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares in the last quarter. Jennison Associates LLC purchased a new position in SEA in the first quarter worth about $336,521,000. Fred Alger Management LLC grew its position in SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock worth $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Scge Management L.P. grew its position in SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock worth $281,858,000 after acquiring an additional 1,251,000 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of SEA during the first quarter valued at approximately $162,796,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.7%

Shares of SEA stock opened at $184.61 on Friday. The firm has a market cap of $108.76 billion, a price-to-earnings ratio of 95.65 and a beta of 1.53. The business has a 50-day moving average price of $175.72 and a 200-day moving average price of $154.76. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. SEA has a twelve month low of $92.50 and a twelve month high of $199.30.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). The firm had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Equities research analysts anticipate that SEA will post 0.74 EPS for the current fiscal year.

SEA Company Profile

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.