SEA (NYSE:SE) Upgraded at Arete Research

Arete Research upgraded shares of SEA (NYSE:SE) to a strong-buy rating in a research report sent to investors on Sunday,Zacks.com reports.

A number of other analysts also recently commented on the company. Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Jefferies Financial Group boosted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Price Performance

Shares of NYSE SE opened at $130.37 on Friday. The firm’s 50-day simple moving average is $126.16 and its 200 day simple moving average is $110.59. The stock has a market cap of $74.62 billion, a P/E ratio of 869.13 and a beta of 1.62. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a fifty-two week low of $51.70 and a fifty-two week high of $147.73.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently modified their holdings of the stock. 111 Capital purchased a new stake in shares of SEA during the fourth quarter worth $28,220,000. Siemens Fonds Invest GmbH purchased a new stake in shares of SEA during the 4th quarter worth about $1,665,000. Brucke Financial Inc. acquired a new stake in shares of SEA during the 4th quarter valued at about $211,000. Infinitum Asset Management LLC bought a new stake in shares of SEA in the 4th quarter valued at approximately $53,740,000. Finally, Mackenzie Financial Corp increased its holdings in SEA by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore’s stock worth $2,779,000 after buying an additional 981 shares during the last quarter. Institutional investors and hedge funds 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.