SEA (NYSE:SE) Price Target Raised to $176.00

SEA (NYSE:SE) had its price target increased by UBS Group from $135.00 to $176.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the Internet company based in Singapore’s stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays increased their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $111.67.

SEA Price Performance

Shares of SEA stock opened at $135.93 on Friday. SEA has a 52-week low of $51.70 and a 52-week high of $147.73. The stock has a market capitalization of $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.62. The company has a fifty day moving average of $121.27 and a 200-day moving average of $106.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Institutional Trading of SEA

Large investors have recently added to or reduced their stakes in the business. Portside Wealth Group LLC purchased a new position in SEA during the third quarter valued at approximately $284,000. AIA Group Ltd boosted its position in shares of SEA by 9.0% during the third quarter. AIA Group Ltd now owns 604,683 shares of the Internet company based in Singapore’s stock worth $57,010,000 after acquiring an additional 49,970 shares during the last quarter. Granite Group Advisors LLC bought a new position in shares of SEA during the third quarter worth $346,000. Equitable Trust Co. lifted its position in SEA by 33.8% during the third quarter. Equitable Trust Co. now owns 180,059 shares of the Internet company based in Singapore’s stock valued at $16,976,000 after purchasing an additional 45,467 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in SEA by 86.1% during the third quarter. Verdence Capital Advisors LLC now owns 7,496 shares of the Internet company based in Singapore’s stock valued at $707,000 after purchasing an additional 3,469 shares during the last quarter. 59.53% of the stock is currently 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.