SEA (NYSE:SE) Price Target Raised to $150.00 at Benchmark

SEA (NYSE:SE) had its price objective raised by Benchmark from $130.00 to $150.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen raised their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on shares of SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Phillip Securities restated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.64.

SEA Stock Performance

Shares of SE opened at $146.56 on Wednesday. SEA has a 52 week low of $51.70 and a 52 week high of $147.73. 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 stock has a market cap of $83.88 billion, a P/E ratio of 977.07 and a beta of 1.55. The business’s 50 day moving average price is $119.42 and its 200-day moving average price is $105.29.

Institutional Investors Weigh In On SEA

A number of large investors have recently made changes to their positions in SE. Siemens Fonds Invest GmbH bought a new stake in SEA during the fourth quarter valued at approximately $1,665,000. Brucke Financial Inc. purchased a new position in shares of SEA during the 4th quarter worth $211,000. Infinitum Asset Management LLC bought a new stake in shares of SEA during the 4th quarter valued at $53,740,000. Mackenzie Financial Corp raised its holdings in SEA by 3.9% in the 4th quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore’s stock worth $2,779,000 after purchasing an additional 981 shares during the period. Finally, Amiral Gestion purchased a new position in SEA during the fourth quarter valued at $3,714,000. 59.53% of the stock is currently owned by institutional investors.

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.