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

SEA (NYSE:SE) had its target price lifted by equities research analysts at Benchmark from $130.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s target price would suggest a potential upside of 7.56% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $104.64.

SEA Stock Performance

NYSE SE opened at $139.46 on Wednesday. The company’s 50 day moving average is $120.13 and its 200-day moving average is $105.58. The firm has a market cap of $79.82 billion, a P/E ratio of 929.73 and a beta of 1.55. SEA has a 12-month low of $51.70 and a 12-month 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.

Institutional Trading of SEA

A number of hedge funds have recently made changes to their positions in SE. Baillie Gifford & Co. raised its position in 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 valued at $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC increased its position in shares of SEA by 22.8% during 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 purchasing an additional 4,761,289 shares during the last quarter. Norges Bank purchased a new position in shares of SEA during the 4th quarter valued at about $1,493,682,000. Capital Research Global Investors lifted its position in SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after buying an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after buying an additional 142,080 shares in the last quarter. 59.53% of the stock is 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.