SEA (NYSE:SE) Price Target Raised to $165.00

SEA (NYSE:SE) had its target price upped by analysts at Loop Capital from $135.00 to $165.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the Internet company based in Singapore’s stock. Loop Capital’s price target would suggest a potential upside of 29.70% from the company’s previous close.

SE has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Finally, UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average price target of $121.40.

SEA Stock Performance

SEA stock traded down $3.45 during midday trading on Monday, reaching $127.22. 992,357 shares of the company’s stock were exchanged, compared to its average volume of 4,562,133. SEA has a 52 week low of $51.70 and a 52 week high of $147.73. The stock’s 50-day simple moving average is $127.28 and its 200 day simple moving average is $111.72. 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 firm has a market cap of $72.81 billion, a price-to-earnings ratio of 848.75 and a beta of 1.62.

Institutional Trading of SEA

Hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% in the fourth 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 buying an additional 1,390,531 shares during the period. WCM Investment Management LLC lifted its position 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 last quarter. Norges Bank purchased a new stake in shares of SEA during the fourth quarter worth about $1,493,682,000. Capital Research Global Investors raised its holdings in shares of 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 valued at $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SEA by 4.6% in the 4th 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 purchasing an additional 142,080 shares during the period. 59.53% of the stock is owned by 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.