SEA (NYSE:SE) Price Target Raised to $130.00

SEA (NYSE:SE) had its target price raised by Benchmark from $94.00 to $130.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.

Several other brokerages also recently commented on SE. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Barclays raised their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Citigroup decreased their target price on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Bank of America boosted their price target on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $90.54.

SEA Stock Down 0.4 %

SE opened at $102.94 on Wednesday. SEA has a twelve month low of $34.35 and a twelve month high of $117.52. The firm has a market cap of $58.92 billion, a P/E ratio of 686.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. The business has a 50 day moving average price of $93.93 and a 200 day moving average price of $79.31.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the business earned ($0.26) EPS. The business’s revenue was up 30.8% compared to the same quarter last year. Research analysts forecast that SEA will post 0.8 EPS for the current year.

Institutional Trading of SEA

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after buying an additional 124,433 shares in the last quarter. M&T Bank Corp raised its position in shares of SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SEA during the third quarter worth $37,843,000. Groupama Asset Managment boosted its holdings in SEA by 70.5% in the third quarter. Groupama Asset Managment now owns 14,458 shares of the Internet company based in Singapore’s stock valued at $1,363,000 after acquiring an additional 5,976 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in SEA by 10.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 162,250 shares of the Internet company based in Singapore’s stock worth $15,297,000 after purchasing an additional 15,169 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.