Sea Limited (NYSE:SE) Given Average Rating of “Moderate Buy” by Analysts

Sea Limited (NYSE:SE) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $121.40.

SE has been the subject of several research reports. UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Benchmark raised their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Loop Capital lifted their price objective on SEA from $135.00 to $165.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays increased their target price on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th.

SEA Trading Down 10.8 %

SEA stock opened at $120.01 on Friday. SEA has a 12 month low of $51.70 and a 12 month high of $147.73. The stock has a market cap of $68.68 billion, a price-to-earnings ratio of 800.03 and a beta of 1.73. The business has a 50 day moving average price of $128.27 and a two-hundred day moving average price of $112.65. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of SE. Norges Bank acquired a new position in SEA during the 4th quarter worth $1,493,682,000. WCM Investment Management LLC lifted its stake in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after acquiring an additional 4,761,289 shares during the period. Perpetual Ltd boosted its holdings in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd boosted its holdings in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. 59.53% of the stock is owned by institutional investors.

About SEA

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.