Barclays Raises SEA (NYSE:SE) Price Target to $148.00

SEA (NYSE:SE) had its price target boosted by Barclays from $131.00 to $148.00 in a report issued on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the Internet company based in Singapore’s stock.

Other analysts have also issued research reports about the company. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. TD Cowen lifted 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. Phillip Securities reiterated 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. Finally, Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $92.43.

SEA Stock Performance

SE opened at $128.40 on Wednesday. The stock’s 50 day simple moving average is $118.09 and its 200 day simple moving average is $103.62. The stock has a market cap of $73.49 billion, a P/E ratio of 855.97 and a beta of 1.55. SEA has a 1-year low of $45.43 and a 1-year high of $139.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Institutional Trading of SEA

A number of hedge funds have recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in shares of SEA by 474.4% during 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 period. Rosenberg Matthew Hamilton increased its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Kestra Investment Management LLC acquired a new position in SEA in the fourth quarter valued at $34,000. Farther Finance Advisors LLC lifted its position in 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 worth $39,000 after buying an additional 112 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in SEA in the 4th quarter worth about $39,000. Institutional investors and hedge funds 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.