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

SEA (NYSE:SE) had its target price upped by Barclays from $131.00 to $148.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore’s stock.

Other equities research analysts have also issued reports about the stock. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen lifted 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. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

SEA Stock Up 3.6 %

SE stock opened at $128.40 on Wednesday. The stock has a market cap of $73.49 billion, a P/E ratio of 855.97 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. SEA has a twelve month low of $45.43 and a twelve month high of $139.18. The company’s 50 day moving average is $118.09 and its two-hundred day moving average is $103.62.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Infinitum Asset Management LLC acquired a new stake in shares of SEA in the 4th quarter worth $53,740,000. Mackenzie Financial Corp lifted its position in SEA by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore’s stock valued at $2,779,000 after purchasing an additional 981 shares during the period. Amiral Gestion purchased a new stake in SEA in the 4th quarter valued at approximately $3,714,000. GF Fund Management CO. LTD. acquired a new position in SEA during the 4th quarter worth approximately $5,144,000. Finally, University of Texas Texas AM Investment Management Co. raised its stake in shares of SEA by 16.3% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 14,674 shares of the Internet company based in Singapore’s stock worth $1,557,000 after buying an additional 2,055 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other 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.