SEA (NYSE:SE) Given New $150.00 Price Target at Benchmark

SEA (NYSE:SE) had its price target increased by Benchmark from $130.00 to $150.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

SE has been the topic of a number of other research reports. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Barclays boosted their target price on SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

SEA Trading Down 2.3 %

NYSE:SE opened at $135.93 on Wednesday. The firm has a market cap of $77.80 billion, a P/E ratio of 906.18 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $120.72 and its 200-day simple moving average is $105.81. SEA has a 12-month low of $51.70 and a 12-month high of $147.73.

Institutional Investors Weigh In On SEA

A number of large investors have recently modified their holdings of SE. Private Trust Co. NA lifted its holdings in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SEA in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares during the last quarter. Banque Transatlantique SA acquired a new stake in SEA in the 4th quarter valued at approximately $39,000. Finally, Truvestments Capital LLC acquired a new stake in SEA in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.