SEA (NYSE:SE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

SEA (NYSE:SE) had its price target lifted by research analysts at JPMorgan Chase & Co. from $133.00 to $160.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the Internet company based in Singapore’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.72% from the company’s previous close.

Several other research analysts also recently issued reports on SE. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.40.

SEA Price Performance

NYSE:SE traded up $8.38 during mid-day trading on Wednesday, hitting $140.69. 1,181,001 shares of the company’s stock traded hands, compared to its average volume of 3,861,520. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market cap of $80.52 billion, a PE ratio of 935.53 and a beta of 1.55. The firm’s 50 day simple moving average is $119.42 and its 200 day simple moving average is $105.29. SEA has a 1 year low of $51.70 and a 1 year high of $139.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming raised its holdings in shares of SEA by 3.1% in the 4th 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 period. Covenant Partners LLC raised its holdings in SEA by 2.4% in the fourth quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock valued at $451,000 after buying an additional 101 shares during the period. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 112 shares during the period. SOA Wealth Advisors LLC. lifted its position 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 valued at $57,000 after buying an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC grew 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 buying an additional 152 shares during the period. 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.