SEA (NYSE:SE) Upgraded to "Strong-Buy" at Arete Research

SEA (NYSE:SE - Get Free Report) was upgraded by stock analysts at Arete Research to a "strong-buy" rating in a report released on Sunday,Zacks.com reports.

Several other research firms have also recently weighed in on SE. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Benchmark lifted their price objective on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. 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. JPMorgan Chase & Co. lifted their price target on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Finally, UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.67.

SEA Stock Down 2.0 %

NYSE SE traded down $2.61 during trading hours on Friday, hitting $130.96. 3,271,184 shares of the company traded hands, compared to its average volume of 4,576,118. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business's 50-day moving average is $127.28 and its 200-day moving average is $111.49. The stock has a market capitalization of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. SEA has a twelve month low of $51.70 and a twelve month high of $147.73.

Remove Ads

Hedge Funds Weigh In On SEA

Several institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in SEA by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore's stock worth $25,620,000 after buying an additional 24,216 shares in the last quarter. Cerity Partners LLC lifted its position in shares of SEA by 128.4% during the 3rd quarter. Cerity Partners LLC now owns 19,842 shares of the Internet company based in Singapore's stock valued at $1,871,000 after acquiring an additional 11,153 shares during the period. Swedbank AB grew its holdings in shares of SEA by 53.0% during the 3rd quarter. Swedbank AB now owns 143,344 shares of the Internet company based in Singapore's stock worth $13,514,000 after purchasing an additional 49,684 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter worth $41,000. Finally, Bank of Montreal Can raised its stake in SEA by 4.1% in the third quarter. Bank of Montreal Can now owns 144,111 shares of the Internet company based in Singapore's stock valued at $13,591,000 after purchasing an additional 5,648 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

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.