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.
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.
TRADEMARK VIOLATION NOTICE: “Brokerages Set Sea Ltd (SE) Target Price at $18.33” was posted by Macon Daily and is the property of of Macon Daily. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://macondaily.com/2018/04/18/brokerages-set-sea-ltd-se-target-price-at-18-33.html.
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.
Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.