SEA (NYSE:SE – Get Free Report) 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.
Read Our Latest Stock Analysis on SE
SEA Trading Down 2.3 %
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.
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