Brokerages Set Sea Ltd (SE) Target Price at $18.33

Shares of Sea Ltd (NYSE:SE) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $18.33.

Separately, Zacks Investment Research upgraded SEA from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, January 25th.

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A number of hedge funds have recently modified their holdings of SE. Ontario Teachers Pension Plan Board bought a new stake in SEA during the fourth quarter worth about $123,426,000. BlackRock Inc. bought a new stake in SEA during the fourth quarter worth about $64,475,000. TIAA CREF Investment Management LLC bought a new stake in SEA during the fourth quarter worth about $33,855,000. Sands Capital Management LLC bought a new stake in SEA during the fourth quarter worth about $30,534,000. Finally, Teachers Advisors LLC bought a new stake in SEA during the fourth quarter worth about $20,955,000. 68.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE SE opened at $10.87 on Friday. SEA has a fifty-two week low of $10.22 and a fifty-two week high of $16.99. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 1.15.

SEA (NYSE:SE) last posted its earnings results on Tuesday, February 27th. The pipeline company reported ($0.90) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by ($0.24). The company had revenue of $124.60 million during the quarter, compared to analyst estimates of $110.10 million.

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About SEA

Sea Limited, an Internet platform company, engages in the digital entertainment, e-commerce, and digital financial service businesses in Greater Southeast Asia. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

Analyst Recommendations for SEA (NYSE:SE)

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