SEA (NYSE:SE) Price Target Raised to $182.00 at Barclays

SEA (NYSE:SE) had its price target hoisted by equities research analysts at Barclays from $148.00 to $182.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price target indicates a potential upside of 33.90% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark boosted their target price on SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

SEA Price Performance

Shares of NYSE:SE opened at $135.93 on Friday. SEA has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The business has a 50-day simple moving average of $121.27 and a two-hundred day simple moving average of $106.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market cap of $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SE. Norges Bank bought a new position in shares of SEA during the 4th quarter valued at approximately $1,493,682,000. WCM Investment Management LLC grew its stake in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Baillie Gifford & Co. grew its stake in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. Perpetual Ltd grew its stake in shares of SEA by 3,033.0% during 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 during the period. Finally, CoreView Capital Management Ltd grew its stake in shares of SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after acquiring an additional 1,543,743 shares during the period. 59.53% of the stock is currently 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.