SEA (NYSE:SE) Price Target Raised to $182.00

SEA (NYSE:SE) had its price objective hoisted by Barclays from $148.00 to $182.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the Internet company based in Singapore’s stock.

A number of other analysts have also weighed in on the stock. Benchmark upped their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. 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, March 5th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.67.

SEA Stock Performance

SEA stock opened at $135.93 on Friday. The firm’s 50 day simple moving average is $121.27 and its 200 day simple moving average is $106.53. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $77.80 billion, a PE ratio of 906.18 and a beta of 1.62. SEA has a 1-year low of $51.70 and a 1-year high of $147.73.

Institutional Investors Weigh In On SEA

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the period. Kestra Investment Management LLC bought a new position in SEA in the 4th quarter worth $34,000. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Banque Transatlantique SA bought a new position in SEA in the 4th quarter worth $39,000. Finally, Truvestments Capital LLC bought a new position in SEA in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.