SEA (NYSE:SE) Price Target Raised to $150.00

SEA (NYSE:SE) had its price objective hoisted by Benchmark from $130.00 to $150.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

Several other research firms have also issued reports on SE. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Jefferies Financial Group increased their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Phillip Securities reissued a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

SEA Stock Performance

NYSE SE opened at $135.93 on Wednesday. The stock has a market cap of $77.80 billion, a PE 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. SEA has a twelve month low of $51.70 and a twelve month high of $147.73. The stock has a fifty day simple moving average of $120.72 and a 200-day simple moving average of $105.81.

Institutional Investors Weigh In On SEA

Several institutional investors have recently added to or reduced their stakes in the business. State of Wyoming lifted its stake in SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore’s stock worth $319,000 after purchasing an additional 90 shares during the last quarter. Covenant Partners LLC lifted its stake in SEA by 2.4% during the fourth quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock worth $451,000 after purchasing an additional 101 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors 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.