SEA (NYSE:SE) Price Target Raised to $157.00

SEA (NYSE:SE) had its target price upped by Jefferies Financial Group from $131.00 to $157.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

SE has been the subject of several other research reports. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.64.

SEA Stock Performance

SEA stock opened at $139.46 on Tuesday. The company has a 50 day moving average price of $120.13 and a 200-day moving average price of $105.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. SEA has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The company has a market capitalization of $79.82 billion, a PE ratio of 929.73 and a beta of 1.55.

Hedge Funds Weigh In On SEA

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

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.