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Fintel reports that on April 21, 2023, Benchmark initiated coverage of Sea Ltd – ADR (NYSE:SE) with a Buy recommendation.
Analyst Price Forecast Suggests 30.12% Upside
As of April 6, 2023, the average one-year price target for Sea Ltd – ADR is $102.49. The forecasts range from a low of $62.62 to a high of $166.95. The average price target represents an increase of 30.12% from its latest reported closing price of $78.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sea Ltd – ADR is $14,267MM, an increase of 14.60%. The projected annual non-GAAP EPS is -$2.14.
What are Other Shareholders Doing?
POLEX – Polar Capital Emerging Market Stars Fund Institutional Class Shares holds 26K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 10K shares, representing an increase of 63.82%. The firm increased its portfolio allocation in SE by 40.70% over the last quarter.
State Of Wisconsin Investment Board holds 189K shares representing 0.03% ownership of the company. In it’s prior filing, the firm reported owning 183K shares, representing an increase of 3.23%. The firm decreased its portfolio allocation in SE by 2.57% over the last quarter.
Capital Group Investment Management Pte. holds 15K shares representing 0.00% ownership of the company.
XNTK – SPDR(R) NYSE Technology ETF holds 74K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 75K shares, representing a decrease of 0.68%. The firm decreased its portfolio allocation in SE by 8.14% over the last quarter.
Ribbit Capital GP V holds 370K shares representing 0.07% ownership of the company.
What is the Fund Sentiment?
There are 943 funds or institutions reporting positions in Sea Ltd – ADR. This is a decrease of 31 owner(s) or 3.18% in the last quarter. Average portfolio weight of all funds dedicated to SE is 0.95%, a decrease of 4.68%. Total shares owned by institutions increased in the last three months by 3.18% to 388,330K shares. 
The put/call ratio of SE is 0.79, indicating a bullish outlook.
Sea Background Information
(This description is provided by the company.)
Sea Limited is a leading global consumer internet company founded in Singapore in 2009. Its mission is to better the lives of consumers and small businesses with technology. The Company operatse three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a leading global online games developer and publisher. Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a leading digital payments and financial services provider in Southeast Asia.
See all Sea Ltd – ADR regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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