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

Shares of Sea Limited Sponsored ADR (NYSE:SE) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $192.6077.

SE has been the subject of several research reports. Wedbush dropped their target price on shares of SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $206.00 to $215.00 in a research note on Thursday, October 16th. 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 note on Thursday, October 23rd. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Finally, Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently modified their holdings of SE. Woodline Partners LP purchased a new stake in SEA during the first quarter valued at about $4,028,000. ORG Partners LLC increased its position in shares of SEA by 552.0% during the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after acquiring an additional 138 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in SEA by 47.1% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 1,250 shares of the Internet company based in Singapore’s stock worth $200,000 after purchasing an additional 400 shares during the last quarter. Kickstand Ventures LLC. acquired a new stake in SEA in the second quarter valued at $209,000. Finally, Duncan Williams Asset Management LLC bought a new position in shares of SEA during the second quarter worth about $209,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Down 2.5%

Shares of SE stock opened at $113.53 on Thursday. SEA has a fifty-two week low of $99.50 and a fifty-two week high of $199.30. The stock’s 50-day simple moving average is $128.04 and its 200-day simple moving average is $154.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.42 and a current ratio of 1.44. The firm has a market capitalization of $66.88 billion, a PE ratio of 49.79 and a beta of 1.59.

SEA (NYSE:SE) last issued 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 firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter last year, the company posted $0.24 EPS. The company’s revenue was up 38.3% on a year-over-year basis. Equities analysts expect that SEA will post 0.74 earnings per share for the current year.

SEA announced that its board has approved a share repurchase program on Monday, November 17th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are 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.