SEA (NYSE:SE) Price Target Raised to $182.00 at Barclays

SEA (NYSE:SE) had its target price boosted by Barclays from $148.00 to $182.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore’s stock.

A number of other brokerages have also recently issued reports on SE. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen increased their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Benchmark increased their target price on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group increased their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.67.

SEA Price Performance

SE opened at $135.93 on Friday. SEA has a 52 week low of $51.70 and a 52 week high of $147.73. The firm has a market capitalization of $77.80 billion, a PE ratio of 906.18 and a beta of 1.55. 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 company has a fifty day moving average price of $120.72 and a two-hundred day moving average price of $105.81.

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC grew its position in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares in the last quarter. Perpetual Ltd lifted its stake in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd increased 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 worth $131,977,000 after acquiring an additional 1,173,738 shares during the period. M&T Bank Corp increased 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 worth $7,024,000 after acquiring an additional 71,214 shares during the period. Finally, Atria Investments Inc increased its holdings in SEA by 262.5% during the 3rd quarter. Atria Investments Inc now owns 14,621 shares of the Internet company based in Singapore’s stock worth $1,378,000 after acquiring an additional 10,588 shares during the period. 59.53% of the stock is owned by institutional investors.

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.