SEA (NYSE:SE - Get Free Report) had its target price lifted by analysts at JPMorgan Chase & Co. from $133.00 to $160.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the Internet company based in Singapore's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 17.71% from the stock's previous close.
A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group raised their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Phillip Securities reaffirmed a "reduce" rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays raised their target price on SEA from $131.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $111.67.
Get Our Latest Analysis on SE
SEA Price Performance
Shares of SE stock traded down $3.22 on Wednesday, hitting $135.93. 7,246,273 shares of the company's stock were exchanged, compared to its average volume of 4,228,906. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market cap of $77.80 billion, a P/E ratio of 906.18 and a beta of 1.62. SEA has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a 50 day moving average of $121.27 and a 200 day moving average of $106.36.
Institutional Trading of SEA
A number of hedge funds have recently bought and sold shares of the business. Siemens Fonds Invest GmbH bought a new stake in SEA during the fourth quarter worth $1,665,000. Brucke Financial Inc. bought a new stake in SEA during the fourth quarter worth $211,000. Infinitum Asset Management LLC bought a new stake in SEA during the fourth quarter worth $53,740,000. Mackenzie Financial Corp lifted its holdings in SEA by 3.9% during 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 acquiring an additional 981 shares during the period. Finally, Amiral Gestion bought a new stake in SEA during the fourth quarter worth $3,714,000. 59.53% of the stock is currently owned by institutional investors.
SEA Company Profile
(
Get Free Report)
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.
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