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

Sea Limited Sponsored ADR (NYSE:SE) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $192.6077.

A number of equities research analysts recently commented on SE shares. Barclays boosted their target price on SEA from $214.00 to $226.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Phillip Securities raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the company from $206.00 to $215.00 in a report on Thursday, October 16th. Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, Sanford C. Bernstein lowered their price target on SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd.

SEA Trading Down 1.9%

NYSE:SE opened at $106.19 on Thursday. SEA has a one year low of $99.50 and a one year high of $199.30. The business has a fifty day moving average price of $126.91 and a 200-day moving average price of $154.04. The firm has a market capitalization of $62.56 billion, a price-to-earnings ratio of 46.57 and a beta of 1.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42.

SEA (NYSE:SE) last posted 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). The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that SEA will post 0.74 EPS for the current year.

SEA declared that its Board of Directors has initiated a stock buyback plan on Monday, November 17th that allows the company to buyback $0.00 in shares. This buyback authorization allows the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On SEA

A number of large investors have recently bought and sold shares of the business. Equitable Trust Co. lifted its holdings in SEA by 2.6% during the 4th quarter. Equitable Trust Co. now owns 143,306 shares of the Internet company based in Singapore’s stock valued at $18,282,000 after buying an additional 3,564 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of SEA by 461.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after acquiring an additional 540 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of SEA in the fourth quarter valued at approximately $26,282,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of 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 valued at $228,549,000 after purchasing an additional 350,840 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in SEA by 68.8% in the fourth quarter. Farther Finance Advisors LLC now owns 8,186 shares of the Internet company based in Singapore’s stock worth $1,044,000 after purchasing an additional 3,337 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

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.