SEA (NYSE:SE) Price Target Raised to $160.00

SEA (NYSE:SE) had its price target raised by JPMorgan Chase & Co. from $133.00 to $160.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the Internet company based in Singapore’s stock.

Other equities research analysts have also recently issued research reports about the stock. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price target on shares of SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Jefferies Financial Group lifted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

SEA Trading Down 2.3 %

Shares of SE stock opened at $135.93 on Wednesday. SEA has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $120.72 and its 200 day moving average is $105.81. The stock has a market capitalization of $77.80 billion, a P/E ratio of 906.18 and a beta of 1.55.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently modified their holdings of the company. Siemens Fonds Invest GmbH bought a new stake in shares of SEA during the 4th quarter valued at $1,665,000. Brucke Financial Inc. bought a new stake in SEA in the 4th quarter valued at $211,000. Infinitum Asset Management LLC bought a new stake in SEA in the 4th quarter valued at $53,740,000. Mackenzie Financial Corp increased its holdings in SEA by 3.9% in the 4th quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore’s stock valued at $2,779,000 after acquiring an additional 981 shares during the last quarter. Finally, Amiral Gestion bought a new stake in SEA in the 4th quarter valued at $3,714,000. 59.53% of the stock is currently owned by 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.