Barclays Forecasts Strong Price Appreciation for SEA (NYSE:SE) Stock

SEA (NYSE:SE - Get Free Report) had its target price increased by analysts at Barclays from $94.00 to $131.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the Internet company based in Singapore's stock. Barclays's price target indicates a potential upside of 26.79% from the stock's current price.

A number of other brokerages also recently issued reports on SE. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Citigroup reduced their target price on SEA from $81.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, July 23rd. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Wedbush reissued an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.54.

SEA Stock Down 1.6 %

Shares of SE stock traded down $1.64 during mid-day trading on Thursday, hitting $103.32. The stock had a trading volume of 4,377,987 shares, compared to its average volume of 5,409,830. The firm has a market capitalization of $59.13 billion, a P/E ratio of 688.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. SEA has a 12-month low of $34.35 and a 12-month high of $117.52. The firm's 50-day moving average is $93.42 and its two-hundred day moving average is $79.05.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) earnings per share. The company's revenue was up 30.8% on a year-over-year basis. On average, analysts predict that SEA will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Several institutional investors have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of SEA by 5.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 75,666 shares of the Internet company based in Singapore's stock worth $7,134,000 after buying an additional 4,066 shares in the last quarter. Circle Wealth Management LLC acquired a new position in shares of SEA during the 3rd quarter valued at about $624,000. Fred Alger Management LLC acquired a new position in shares of SEA during the 3rd quarter valued at about $49,746,000. Captrust Financial Advisors increased its position in SEA by 319.5% during the 3rd quarter. Captrust Financial Advisors now owns 31,396 shares of the Internet company based in Singapore's stock worth $2,960,000 after purchasing an additional 23,911 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in SEA during the 3rd quarter worth approximately $216,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

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.