Benchmark Issues Positive Forecast for SEA (NYSE:SE) Stock Price

SEA (NYSE:SE) had its price objective boosted by Benchmark from $130.00 to $150.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

A number of other research analysts have also recently commented on the company. Phillip Securities reissued a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, Barclays lifted their price objective on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.64.

SEA Stock Up 10.8 %

Shares of SE stock opened at $146.56 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. SEA has a one year low of $51.70 and a one year high of $147.73. The company’s fifty day moving average price is $119.42 and its 200-day moving average price is $105.29. The company has a market capitalization of $83.88 billion, a price-to-earnings ratio of 977.07 and a beta of 1.55.

Institutional Investors Weigh In On SEA

Several institutional investors have recently made changes to their positions in SE. New York State Common Retirement Fund raised its position in SEA by 862.3% in the 3rd quarter. New York State Common Retirement Fund now owns 162,328 shares of the Internet company based in Singapore’s stock worth $15,304,000 after purchasing an additional 145,459 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of SEA by 14.5% in the third quarter. Harbor Capital Advisors Inc. now owns 8,188 shares of the Internet company based in Singapore’s stock worth $772,000 after buying an additional 1,034 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock worth $38,098,000 after acquiring an additional 7,175 shares during the last quarter. National Pension Service boosted its holdings in SEA by 9.7% during the 3rd quarter. National Pension Service now owns 560,648 shares of the Internet company based in Singapore’s stock valued at $52,858,000 after acquiring an additional 49,548 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in SEA by 1.5% in the 3rd quarter. Gulf International Bank UK Ltd now owns 29,389 shares of the Internet company based in Singapore’s stock valued at $2,770,000 after acquiring an additional 431 shares during 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.