SEA (NYSE:SE) Stock Rating Upgraded by Arete Research

SEA (NYSE:SE) was upgraded by analysts at Arete Research to a “strong-buy” rating in a research report issued on Sunday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Barclays boosted their price objective on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. 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 report on Tuesday, March 4th. Finally, Benchmark boosted their price target on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Trading Up 2.9 %

NYSE:SE opened at $129.69 on Friday. 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 company has a market cap of $74.23 billion, a PE ratio of 864.63 and a beta of 1.62. The business’s 50 day moving average is $125.76 and its two-hundred day moving average is $110.21.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SE. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC increased its stake in SEA by 22.8% in the 4th 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 period. Norges Bank purchased a new stake in SEA in the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors boosted its stake in shares of SEA by 19.5% during the 4th 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 period. Finally, Geode Capital Management LLC grew its holdings in shares of SEA by 4.6% during the 4th 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 acquiring an additional 142,080 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Company Profile

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.