Sea Limited (NYSE:SE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Sea Limited (NYSE:SE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $91.21.

A number of research analysts have weighed in on SE shares. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th.

SEA Price Performance

SEA stock opened at $136.18 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $116.79 and its 200 day simple moving average is $101.30. SEA has a 52 week low of $43.27 and a 52 week high of $139.18. The firm has a market capitalization of $77.94 billion, a PE ratio of 907.85 and a beta of 1.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SE. Private Trust Co. NA lifted its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 204 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Kestra Investment Management LLC bought a new position in shares of SEA during the fourth quarter valued at $34,000. Farther Finance Advisors LLC boosted its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of SEA in the 4th quarter worth about $39,000. Institutional investors own 59.53% of the company’s stock.

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.