Brokerages Set Sea Limited (NYSE:SE) Target Price at $68.29

Sea Limited (NYSE:SE) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $68.29.

SE has been the topic of several research reports. Bank of America raised their price objective on SEA from $46.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Citigroup raised SEA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Barclays lifted their target price on SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th.

Hedge Funds Weigh In On SEA

Several hedge funds and other institutional investors have recently made changes to their positions in SE. Sunbelt Securities Inc. boosted its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares during the period. UMB Bank n.a. boosted its position in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares during the period. Tyler Stone Wealth Management bought a new stake in SEA during the second quarter worth approximately $33,000. Blue Trust Inc. raised its holdings in SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 509 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in SEA by 135.7% during the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock worth $43,000 after purchasing an additional 285 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock opened at $53.71 on Monday. SEA has a 12-month low of $34.35 and a 12-month high of $88.84. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 223.79 and a beta of 1.50. The stock has a 50 day simple moving average of $48.41 and a 200-day simple moving average of $42.91. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the company posted $0.72 EPS. SEA’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts forecast that SEA will post 1.01 EPS for the current year.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.