SEA (NYSE:SE) Given New $226.00 Price Target at Barclays

SEA (NYSE:SE) had its price target upped by Barclays from $214.00 to $226.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the Internet company based in Singapore’s stock.

A number of other analysts also recently weighed in on SE. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $206.00 to $215.00 in a research report on Thursday, October 16th. 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. Zacks Research downgraded shares of SEA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Arete Research cut shares of SEA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Macquarie reiterated an “outperform” rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.39.

SEA Stock Performance

NYSE:SE opened at $139.74 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. SEA has a 1-year low of $99.50 and a 1-year high of $199.30. The firm has a 50-day moving average of $173.90 and a two-hundred day moving average of $164.87. The stock has a market cap of $82.32 billion, a P/E ratio of 61.29 and a beta of 1.55.

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

Hedge Funds Weigh In On SEA

Several institutional investors have recently modified their holdings of SE. Zurich Insurance Group Ltd FI raised its stake in SEA by 4.7% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore’s stock valued at $23,071,000 after acquiring an additional 7,870 shares in the last quarter. Plato Investment Management Ltd increased its holdings in shares of SEA by 30.4% during the first quarter. Plato Investment Management Ltd now owns 9,192 shares of the Internet company based in Singapore’s stock valued at $1,212,000 after purchasing an additional 2,141 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of SEA by 309.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore’s stock valued at $280,000 after purchasing an additional 1,622 shares in the last quarter. Intech Investment Management LLC lifted its holdings in SEA by 60.5% in the first quarter. Intech Investment Management LLC now owns 19,669 shares of the Internet company based in Singapore’s stock worth $2,567,000 after purchasing an additional 7,413 shares during the period. Finally, NewEdge Advisors LLC grew its position in SEA by 14.7% in the 1st quarter. NewEdge Advisors LLC now owns 16,358 shares of the Internet company based in Singapore’s stock valued at $2,135,000 after buying an additional 2,092 shares in the last quarter. 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.