Benchmark Issues Positive Forecast for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE - Free Report) had its target price boosted by Benchmark from $130.00 to $150.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore's stock.

SE has been the topic of several other research reports. Phillip Securities reiterated a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays upped their target price on shares of SEA from $131.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One 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 company. According to MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $111.67.

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SEA Trading Down 2.3 %

Shares of SE stock traded down $3.22 during mid-day trading on Wednesday, reaching $135.93. The stock had a trading volume of 7,246,273 shares, compared to its average volume of 4,228,906. SEA has a 52-week low of $51.70 and a 52-week high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average price is $121.27 and its two-hundred day moving average price is $106.36. The firm has a market capitalization of $77.80 billion, a PE ratio of 906.18 and a beta of 1.62.

Hedge Funds Weigh In On SEA

Institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC lifted its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd lifted its holdings in SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after buying an additional 1,173,738 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock valued at $38,098,000 after buying an additional 7,175 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore's stock valued at $7,024,000 after buying an additional 71,214 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.