JPMorgan Chase & Co. Forecasts Strong Price Appreciation for SEA (NYSE:SE) Stock

SEA (NYSE:SE) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $133.00 to $160.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the Internet company based in Singapore’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 14.73% from the company’s current price.

SE has been the subject of a number of other reports. Barclays lifted their price objective on shares of SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, 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 note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.64.

SEA Trading Down 4.7 %

Shares of NYSE:SE opened at $139.46 on Wednesday. SEA has a 52-week low of $51.70 and a 52-week high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market capitalization of $79.82 billion, a P/E ratio of 929.73 and a beta of 1.55. The company has a 50-day simple moving average of $120.13 and a 200 day simple moving average of $105.58.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently made changes to their positions in SE. Private Trust Co. NA raised its position in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth $34,000. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of SEA during the 4th quarter worth $39,000. Finally, Truvestments Capital LLC acquired a new stake in SEA in the third quarter valued at about $41,000. 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.