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

SEA (NYSE:SE) had its target price upped by Loop Capital from $135.00 to $165.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

Other equities analysts have also recently issued research reports about the company. Arete Research upgraded SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Benchmark lifted their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.40.

SEA Stock Performance

SEA stock opened at $134.58 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market capitalization of $77.03 billion, a P/E ratio of 897.20 and a beta of 1.73. SEA has a 1-year low of $51.70 and a 1-year high of $147.73. The company’s 50-day moving average is $128.20 and its 200 day moving average is $112.60.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of SE. Baillie Gifford & Co. lifted its holdings in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC boosted its holdings 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 worth $2,758,331,000 after acquiring an additional 4,761,289 shares in 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 increased 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 raised 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 valued at $335,084,000 after purchasing an additional 142,080 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other 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.