Sea Limited (NYSE:SE) Received a "Moderate Buy" Consensus Recommendation from Brokerages - News Block

Sea Limited (NYSE:SE – Get a free report) has received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that currently cover the stock, reports MarketBeat Ratings. Seven analysts gave the stock a Hold rating, nine assigned a Buy rating and one assigned a Strong Buy rating to the company. The average 1-year price target among brokers who have hedged the stock in the past year is $90.83.

Several stock research analysts have issued reports on the company. Sanford C. Bernstein raised his price target on SEA to $100.00 from $80.00 and gave the company an “outperform” rating in a research report on Wednesday, March 22. Benchmark kicked off SEA coverage in a report on Thursday, April 20. They issued a “Buy” rating and a $105.00 price target on the stock. Bernstein Bank lowered its price target on SEA from $100.00 to $90.00 in a report on Tuesday, July 11. Bank of America lowered its SEA price target from $92.00 to $90.00 in a report on Wednesday, May 17. Finally, HSBC raised its SEA price target from $92.00 to $94.00 in a report on Wednesday, May 17.

SEA Stock Performance

NYSE SE opened at $61.45 on Wednesday. The company has a market capitalization of $34.7 billion, a price-earnings ratio of -33.76, and a beta of 1.65. The company has a quick ratio of 1.85, a current ratio of 1.87, and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $63.32 and a 200-day moving average price of $68.67. SEA has a twelve month minimum of $40.67 and a twelve month maximum of $93.70.

SEA (NYSE:SE – Get a free report) last announced its quarterly earnings results on Tuesday, May 16. The Singapore-based internet company reported $0.15 EPS for the quarter, missing analyst consensus estimates of $0.64 per ($0.49). SEA had a negative net margin of 7.83% and a negative return on equity of 14.44%. The company had revenue of $3.04 billion for the quarter, compared with the consensus estimate of $3.04 billion. During the same period last year, the company posted ($1.04) earnings per share. SEA’s quarterly revenue increased 4.9% year-over-year. As a group, equity research analysts predict the SEA will post 1.61 EPS for the current fiscal year.

SEA Institutional Negotiation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Glassman Wealth Services boosted its position in SEA shares by 120.1% in the first quarter. Glassman Wealth Services now owns 306 shares of the Singapore-based internet company worth $26,000 after buying an additional 167 shares in the last quarter. RFP Financial Group LLC boosted its position in SEA shares by 1,304.2% in the first quarter. RFP Financial Group LLC now owns 337 shares of the Singapore-based internet company worth $29,000 after buying an additional 313 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in SEA shares by 107.1% in the fourth quarter. Nevada’s Whittier Trust Co. Inc. now owns 580 shares of the Singapore-based internet company worth $30,000 after buying an additional 300 shares last quarter. Ronald Blue Trust Inc. boosted its position in SEA shares by 95.0% in the first quarter. Ronald Blue Trust Inc. now owns 708 shares of the Singapore-based internet company worth $37,000 after buying an additional 345 shares in the last quarter. Finally, Tradition Wealth Management LLC boosted its position in SEA shares by 50.4% in the fourth quarter. Tradition Wealth Management LLC now owns 812 shares of the Singapore-based internet company worth $42,000 after buying an additional 272 shares in the last quarter. Institutional investors own 73.73% of the company’s shares.

Over the sea

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