SEA (NYSE:SE) Price Target Raised to $180.00

SEA (NYSE:SE) had its price target upped by Benchmark from $150.00 to $180.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the Internet company based in Singapore’s stock.

A number of other equities analysts have also recently issued reports on the company. Wedbush restated an “outperform” rating and set a $135.00 price target on shares of SEA in a report on Tuesday, April 15th. Bank of America cut shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $135.00 to $190.00 in a research note on Tuesday. Finally, Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.23.

SEA Price Performance

Shares of NYSE SE opened at $161.39 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $95.08 billion, a PE ratio of 1,075.95 and a beta of 1.70. The firm has a fifty day simple moving average of $129.33 and a 200 day simple moving average of $120.49. SEA has a twelve month low of $55.00 and a twelve month high of $165.31.

Institutional Trading of SEA

Several hedge funds have recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Norges Bank purchased a new position in shares of SEA during the 4th quarter valued at $1,493,682,000. WCM Investment Management LLC raised its position in shares of SEA by 22.8% in the fourth 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 in the last quarter. Jennison Associates LLC bought a new stake in SEA during the first quarter valued at $336,521,000. Finally, Perpetual Ltd raised its holdings in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

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.