Sea Limited (NYSE:SE) Receives $121.40 Average Price Target from Brokerages

Shares of Sea Limited (NYSE:SE - Get Free Report) have received a consensus rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $121.40.

SE has been the topic of several recent analyst reports. Barclays boosted their price target on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised 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. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, 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 research report on Tuesday, March 4th.

SEA Stock Up 1.8 %

SE stock traded up $1.93 during trading on Friday, reaching $108.56. The stock had a trading volume of 11,304,997 shares, compared to its average volume of 4,674,973. 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 fifty day moving average price of $128.04 and a 200 day moving average price of $113.28. The company has a market capitalization of $62.13 billion, a P/E ratio of 723.70 and a beta of 1.73. SEA has a 1-year low of $51.70 and a 1-year high of $147.73.

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Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. lifted its position in SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after buying an additional 4,761,289 shares during the last quarter. Norges Bank acquired a new position in shares of SEA during the fourth quarter worth approximately $1,493,682,000. Capital Research Global Investors grew its holdings in SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after buying an additional 1,325,183 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after acquiring an additional 142,080 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

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.