SEA (NYSE:SE) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of SEA (NYSE:SE) from an overweight rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat reports. JPMorgan Chase & Co. currently has $135.00 price target on the Internet company based in Singapore’s stock, down from their prior price target of $160.00.

Several other analysts have also recently issued reports on SE. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Barclays lifted their price objective on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Wedbush reiterated an “outperform” rating and issued a $135.00 price target on shares of SEA in a research report on Tuesday. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Benchmark raised their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $121.73.

SEA Trading Up 1.9 %

Shares of SEA stock opened at $120.97 on Wednesday. SEA has a twelve month low of $54.82 and a twelve month high of $147.73. 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 business has a 50-day moving average price of $126.40 and a 200-day moving average price of $114.79. The firm has a market cap of $69.24 billion, a price-to-earnings ratio of 806.49 and a beta of 1.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Fifth Third Bancorp boosted its position in SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. Kestra Investment Management LLC purchased a new position in SEA in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of SEA in the 4th quarter valued at about $39,000. Institutional investors own 59.53% of the company’s stock.

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.