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

SEA (NYSE:SE) had its price target upped by investment analysts at Barclays from $214.00 to $226.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price target suggests a potential upside of 60.16% from the stock’s current price.

A number of other research analysts also recently weighed in on SE. Macquarie reissued an “outperform” rating and issued a $219.90 target price (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Sanford C. Bernstein reduced their price target on shares of SEA from $210.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Benchmark raised their price objective on shares of SEA from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, Wedbush upped their target price on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $187.39.

SEA Trading Up 0.8%

Shares of NYSE SE opened at $141.11 on Thursday. The firm’s 50 day moving average price is $172.89 and its 200-day moving average price is $164.94. SEA has a 52-week low of $99.50 and a 52-week high of $199.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market cap of $83.13 billion, a PE ratio of 61.89 and a beta of 1.55.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). SEA had a return on equity of 15.69% and a net margin of 6.80%.The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the previous year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. On average, equities research analysts expect that SEA will post 0.74 EPS for the current fiscal year.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC bought a new stake in shares of SEA during the first quarter valued at approximately $336,521,000. Fred Alger Management LLC raised its holdings in shares of SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock worth $337,340,000 after buying an additional 1,528,301 shares during the last quarter. Scge Management L.P. boosted its position in SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock valued at $281,858,000 after buying an additional 1,251,000 shares during the last quarter. Nuveen LLC acquired a new stake in shares of SEA in the first quarter worth $162,796,000. Finally, AGF Management Ltd. lifted its holdings in shares of SEA by 171.3% in the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore’s stock valued at $128,252,000 after buying an additional 620,587 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.