SEA (NYSE:SE) Stock Rating Upgraded by Arete Research

SEA (NYSE:SE) was upgraded by research analysts at Arete Research to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

SE has been the subject of a number of other reports. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Barclays increased their target price on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Benchmark raised their target price on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

SEA Stock Up 2.9 %

Shares of SEA stock opened at $129.69 on Friday. The stock has a 50 day moving average price of $125.76 and a two-hundred day moving average price of $110.21. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a 12-month low of $51.70 and a 12-month high of $147.73. The stock has a market capitalization of $74.23 billion, a P/E ratio of 864.63 and a beta of 1.62.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of SEA during the 4th quarter worth about $1,493,682,000. WCM Investment Management LLC boosted its position in shares of SEA by 22.8% during 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 purchasing an additional 4,761,289 shares in the last quarter. Perpetual Ltd increased its position 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 buying an additional 2,031,038 shares in the last quarter. CoreView Capital Management Ltd lifted its holdings 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 purchasing an additional 1,543,743 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. 59.53% of the stock is 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.