SEA (NYSE:SE) Raised to Strong-Buy at Arete Research

SEA (NYSE:SE) was upgraded by analysts at Arete Research to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group raised their price target on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Sanford C. Bernstein set a $145.00 price objective on SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Stock Performance

NYSE:SE opened at $129.69 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. SEA has a 1-year low of $51.70 and a 1-year high of $147.73. The business has a 50 day moving average of $125.76 and a 200 day moving average of $110.21. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 864.63 and a beta of 1.62.

Institutional Trading of SEA

Several institutional investors have recently made changes to their positions in SE. 111 Capital bought a new stake in SEA in the 4th quarter valued at $28,220,000. Siemens Fonds Invest GmbH purchased a new stake in shares of SEA in the fourth quarter valued at $1,665,000. Brucke Financial Inc. bought a new stake in SEA in the fourth quarter worth about $211,000. Infinitum Asset Management LLC purchased a new position in SEA during the 4th quarter valued at $53,740,000. Finally, Mackenzie Financial Corp boosted its stake in shares of SEA by 3.9% during the fourth quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore’s stock valued at $2,779,000 after purchasing an additional 981 shares during the period. Hedge funds and other institutional investors 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.