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

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

Other equities research analysts also recently issued reports about the company. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Benchmark lifted their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.67.

SEA Trading Down 2.3 %

Shares of NYSE:SE opened at $135.93 on Friday. The company has a market cap of $77.80 billion, a P/E ratio of 906.18 and a beta of 1.55. The stock’s 50-day moving average is $120.72 and its 200-day moving average is $105.81. SEA has a 52-week low of $51.70 and a 52-week high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in SEA by 3.5% during 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 purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC lifted its stake in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Norges Bank bought a new position in SEA during the fourth quarter worth about $1,493,682,000. Capital Research Global Investors lifted its stake in 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 worth $862,175,000 after purchasing an additional 1,325,183 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock valued at $335,084,000 after acquiring an additional 142,080 shares during the last quarter. 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.