SEA (NYSE:SE) Hits New 1-Year High Following Analyst Upgrade

Sea Limited (NYSE:SE)’s share price reached a new 52-week high during trading on Wednesday after Benchmark raised their price target on the stock from $130.00 to $150.00. Benchmark currently has a buy rating on the stock. SEA traded as high as $139.88 and last traded at $140.17, with a volume of 1684188 shares. The stock had previously closed at $132.31.

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

Institutional Investors Weigh In On SEA

Large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its stake 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 worth $26,000 after acquiring an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC increased its stake in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 112 shares during the last quarter. Banque Transatlantique SA bought a new stake in SEA during the fourth quarter worth approximately $39,000. Finally, Truvestments Capital LLC purchased a new position in shares of SEA during the third quarter valued at approximately $41,000. 59.53% of the stock is owned by institutional investors.

SEA Stock Up 10.8 %

The company has a 50-day simple moving average of $119.42 and a 200-day simple moving average of $105.29. The firm has a market cap of $83.88 billion, a PE ratio of 977.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

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.