Sea Limited (NYSE:SE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sea Limited (NYSE:SE) have received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $116.67.

SE has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. UBS Group lifted their price target on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th.

SEA Stock Performance

NYSE:SE opened at $127.24 on Monday. The stock has a market cap of $72.83 billion, a P/E ratio of 848.29 and a beta of 1.62. The stock has a 50 day simple moving average of $123.38 and a 200 day simple moving average of $108.11. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. SEA has a 1-year low of $51.70 and a 1-year high of $147.73.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. raised its holdings in shares of SEA by 3.5% during the 4th 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 buying an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC grew its position in SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Norges Bank bought a new stake in SEA during the 4th quarter worth $1,493,682,000. Capital Research Global Investors grew its position in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after acquiring an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in SEA by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after acquiring an additional 142,080 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

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.