Sea Limited Sponsored ADR (NYSE:SE) Receives Consensus Rating of “Moderate Buy” from Analysts

Sea Limited Sponsored ADR (NYSE:SE) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $192.6077.

SE has been the topic of several analyst reports. Sanford C. Bernstein cut their price target on SEA from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $206.00 to $215.00 in a research report on Thursday, October 16th. Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Wedbush dropped their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Baird Financial Group Inc. grew its stake in SEA by 14.4% in the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after acquiring an additional 70,070 shares during the period. Handelsbanken Fonder AB raised its position in SEA by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore’s stock worth $27,024,000 after acquiring an additional 2,106 shares during the period. BNP Paribas lifted its holdings in SEA by 34.9% during the second quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore’s stock valued at $4,624,000 after purchasing an additional 7,480 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 11.5% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,440,820 shares of the Internet company based in Singapore’s stock valued at $257,414,000 after purchasing an additional 148,621 shares during the period. Finally, Andra AP fonden increased its stake in shares of SEA by 33.6% during the second quarter. Andra AP fonden now owns 134,900 shares of the Internet company based in Singapore’s stock worth $21,576,000 after purchasing an additional 33,900 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

SE opened at $126.47 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. SEA has a 12-month low of $99.50 and a 12-month high of $199.30. The firm has a 50 day moving average of $128.98 and a two-hundred day moving average of $155.72. The firm has a market capitalization of $74.50 billion, a PE ratio of 55.47 and a beta of 1.57.

SEA (NYSE:SE) last released 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). SEA had a return on equity of 15.19% and a net margin of 6.80%.The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. On average, analysts anticipate that SEA will post 0.74 EPS for the current year.

SEA announced that its Board of Directors has initiated a share buyback program on Monday, November 17th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the Internet company based in Singapore to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.