SEA (NYSE:SE) PT Raised to $85.00 at Barclays

SEA (NYSE:SE) had its target price hoisted by Barclays from $68.00 to $85.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore’s stock.

Other analysts have also issued reports about the company. HSBC upped their price target on SEA from $70.00 to $76.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Bank of America upgraded shares of SEA from a neutral rating to a buy rating and lifted their price objective for the company from $62.00 to $70.00 in a report on Monday, April 22nd. JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and lifted their target price for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Morgan Stanley raised SEA from an equal weight rating to an overweight rating and increased their price target for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Finally, Daiwa Capital Markets upgraded shares of SEA from a neutral rating to a buy rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $71.21.

SEA Price Performance

Shares of NYSE:SE opened at $66.12 on Friday. The firm has a market cap of $37.34 billion, a PE ratio of 275.50 and a beta of 1.43. SEA has a 52 week low of $34.35 and a 52 week high of $88.39. The firm’s fifty day moving average is $56.96 and its 200-day moving average is $45.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last released its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. Sell-side analysts predict that SEA will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of large investors have recently modified their holdings of SE. Sunbelt Securities Inc. boosted its position in shares of SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. boosted its stake in SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after purchasing an additional 336 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in SEA by 90.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after purchasing an additional 485 shares during the period. 59.53% of the stock is currently owned by institutional investors.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.