SEA (NYSE:SE) Price Target Raised to $94.00 at Barclays

SEA (NYSE:SE - Free Report) had its price objective increased by Barclays from $87.00 to $94.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore's stock.

Several other analysts also recently issued reports on SE. Bank of America upped their price objective on SEA from $77.00 to $84.00 and gave the company a buy rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $60.00 price target on shares of SEA in a research note on Wednesday, May 15th. Wedbush reissued an outperform rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research report on Tuesday. Morgan Stanley raised shares of SEA from an equal weight rating to an overweight rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Monday, April 22nd. Finally, Dbs Bank reaffirmed a hold rating and issued a $75.00 target price on shares of SEA in a research note on Friday, June 28th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, SEA has an average rating of Moderate Buy and a consensus target price of $77.29.

SEA Price Performance

SE stock traded up $2.52 during midday trading on Thursday, hitting $79.32. 9,539,811 shares of the stock were exchanged, compared to its average volume of 5,966,148. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46. The stock has a market cap of $45.40 billion, a price-to-earnings ratio of 1,583.60 and a beta of 1.51. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $79.90. The stock's 50-day moving average price is $70.29 and its 200-day moving average price is $61.47.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. SEA's revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts predict that SEA will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Canton Hathaway LLC lifted its position in shares of SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after purchasing an additional 200 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in SEA by 0.7% in the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore's stock worth $2,068,000 after buying an additional 213 shares in the last quarter. Parallel Advisors LLC boosted its position in SEA by 5.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore's stock valued at $362,000 after buying an additional 250 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock valued at $47,000 after buying an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore's stock valued at $33,000 after acquiring an additional 336 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.