SEA (NYSE:SE) Given New $182.00 Price Target at Barclays

SEA (NYSE:SE) had its price objective raised by analysts at Barclays from $148.00 to $182.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s target price points to a potential upside of 30.50% from the stock’s previous close.

A number of other research firms also recently weighed in on SE. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. Benchmark upped their price target on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Phillip Securities restated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.07.

SEA Stock Performance

Shares of SE opened at $139.46 on Friday. SEA has a 52 week low of $51.70 and a 52 week high of $147.73. 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 capitalization of $79.82 billion, a PE ratio of 929.73 and a beta of 1.55. The company’s 50 day moving average price is $120.13 and its 200 day moving average price is $105.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in shares of SEA by 3.5% in 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 in the last quarter. WCM Investment Management LLC lifted its holdings in SEA by 22.8% during the 4th 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 buying an additional 4,761,289 shares during the period. Norges Bank bought a new stake in SEA in the fourth quarter valued at approximately $1,493,682,000. Capital Research Global Investors raised its holdings in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 institutional investors and hedge funds.

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.