SEA (NYSE:SE) Rating Lowered to Neutral at JPMorgan Chase & Co.

SEA (NYSE:SE - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $135.00 target price on the Internet company based in Singapore's stock, down from their prior target price of $160.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 16.14% from the company's previous close.

Several other research firms have also recently issued reports on SE. Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of SEA in a report on Tuesday, April 15th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Loop Capital lifted their price target on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Barclays raised their price target on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $121.73.

SEA Price Performance

Shares of SE traded down $4.73 during mid-day trading on Wednesday, reaching $116.24. 1,295,382 shares of the company's stock were exchanged, compared to its average volume of 4,668,283. 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 52-week low of $55.00 and a 52-week high of $147.73. The company has a 50-day simple moving average of $126.40 and a two-hundred day simple moving average of $115.07. The company has a market cap of $66.53 billion, a price-to-earnings ratio of 774.93 and a beta of 1.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in SEA by 3.5% during 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 acquiring an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of SEA by 22.8% during the 4th 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 acquiring an additional 4,761,289 shares during the last quarter. Norges Bank acquired a new stake in shares of SEA in the fourth quarter worth $1,493,682,000. Capital Research Global Investors boosted its holdings in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after acquiring an additional 1,325,183 shares during the period. 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 worth $335,084,000 after buying an additional 142,080 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.