Barclays Forecasts Strong Price Appreciation for SEA (NYSE:SE) Stock

SEA (NYSE:SE) had its target price hoisted by equities research analysts at Barclays from $182.00 to $200.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price target would suggest a potential upside of 23.92% from the company’s previous close.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $135.00 to $190.00 in a research note on Tuesday. Bank of America downgraded SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Benchmark increased their price objective on SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $170.00 target price on shares of SEA in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.23.

SEA Trading Down 2.0%

Shares of SE opened at $161.39 on Thursday. The firm has a 50-day moving average price of $129.33 and a 200 day moving average price of $120.49. 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 has a market capitalization of $95.08 billion, a P/E ratio of 1,075.95 and a beta of 1.70. SEA has a 12-month low of $55.00 and a 12-month high of $165.31.

Institutional Trading of SEA

Large investors have recently modified their holdings of the company. Smithfield Trust Co acquired a new stake in shares of SEA during the 1st quarter worth approximately $25,000. Private Trust Co. NA boosted its position in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Sava Infond d.o.o. acquired a new position in SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC boosted its position in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new stake in SEA in the first quarter valued at approximately $28,000. 59.53% of the stock is owned by institutional investors.

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.