Sea Limited (NYSE:SE - Get Free Report)'s share price gapped up prior to trading on Tuesday after UBS Group raised their price target on the stock from $135.00 to $176.00. The stock had previously closed at $123.49, but opened at $130.49. UBS Group currently has a buy rating on the stock. SEA shares last traded at $130.92, with a volume of 2,287,857 shares trading hands.
SE has been the subject of a number of other reports. Barclays boosted their target price on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Finally, Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average target price of $111.67.
Check Out Our Latest Stock Report on SEA
Hedge Funds Weigh In On SEA
Several institutional investors have recently bought and sold shares of the company. Siemens Fonds Invest GmbH purchased a new position in SEA in the fourth quarter valued at approximately $1,665,000. Brucke Financial Inc. purchased a new position in SEA in the fourth quarter valued at approximately $211,000. Infinitum Asset Management LLC purchased a new position in SEA in the fourth quarter valued at approximately $53,740,000. Mackenzie Financial Corp lifted its stake in SEA by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore's stock valued at $2,779,000 after purchasing an additional 981 shares during the last quarter. Finally, Amiral Gestion purchased a new position in SEA in the fourth quarter valued at approximately $3,714,000. Hedge funds and other institutional investors own 59.53% of the company's stock.
SEA Trading Down 2.3 %
The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $121.27 and a 200 day moving average of $106.36. The firm has a market cap of $77.80 billion, a PE ratio of 906.18 and a beta of 1.55.
About SEA
(
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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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