SEA (NYSE:SE - Free Report) had its target price upped by Loop Capital from $135.00 to $165.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the Internet company based in Singapore's stock.
SE has been the subject of a number of other reports. Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Benchmark lifted their price objective on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.40.
Get Our Latest Stock Analysis on SEA
SEA Stock Up 1.6 %
Shares of SE traded up $2.12 during mid-day trading on Monday, hitting $134.58. 3,064,269 shares of the company's stock were exchanged, compared to its average volume of 4,574,701. The stock's 50-day moving average is $128.20 and its 200-day moving average is $112.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. SEA has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The company has a market cap of $77.03 billion, a price-to-earnings ratio of 897.20 and a beta of 1.73.
Hedge Funds Weigh In On SEA
Several hedge funds have recently bought and sold shares of SE. Baillie Gifford & Co. grew its stake 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 worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the period. WCM Investment Management LLC grew its holdings in SEA by 22.8% in 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 purchasing an additional 4,761,289 shares during the period. Norges Bank purchased a new position in shares of SEA in the 4th quarter worth $1,493,682,000. Capital Research Global Investors increased its stake 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 worth $862,175,000 after acquiring an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in SEA by 4.6% during the fourth 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 acquiring an additional 142,080 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.
SEA Company Profile
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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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