SEA (NYSE:SE) Stock Price Expected to Rise, Barclays Analyst Says

SEA (NYSE:SE) had its target price lifted by equities researchers at Barclays from $148.00 to $182.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price objective indicates a potential upside of 33.90% from the stock’s current price.

Several other research analysts also recently commented on SE. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, TD Cowen lifted their target price 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

SEA Trading Down 2.3 %

SE stock opened at $135.93 on Friday. The company has a market capitalization of $77.80 billion, a PE ratio of 906.18 and a beta of 1.62. SEA has a one year low of $51.70 and a one year high of $147.73. The company’s 50 day moving average price is $121.27 and its two-hundred day moving average price is $106.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Institutional Trading of SEA

Hedge funds have recently modified their holdings of the business. WCM Investment Management LLC boosted its holdings in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Perpetual Ltd raised its position in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd raised its position in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. M&T Bank Corp raised its position in shares of SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after purchasing an additional 71,214 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of SEA by 262.5% in the 3rd quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after purchasing an additional 10,588 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

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.