SEA (NYSE:SE) Given New $160.00 Price Target at JPMorgan Chase & Co.

SEA (NYSE:SE) had its price objective raised by JPMorgan Chase & Co. from $133.00 to $160.00 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the Internet company based in Singapore’s stock.

Other research analysts also recently issued reports about the company. Jefferies Financial Group lifted their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. Phillip Securities reiterated 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. Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.64.

SEA Trading Up 10.8 %

Shares of NYSE:SE opened at $146.56 on Wednesday. SEA has a 12-month low of $51.70 and a 12-month high of $147.73. The business’s fifty day simple moving average is $119.42 and its 200-day simple moving average is $105.29. The company has a market capitalization of $83.88 billion, a PE ratio of 977.07 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.

Hedge Funds Weigh In On SEA

A number of large investors have recently bought and sold shares of the business. New York State Common Retirement Fund increased its stake in SEA by 862.3% during 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 buying an additional 145,459 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in SEA by 14.5% during the 3rd 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 in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in 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 buying an additional 7,175 shares in the last quarter. National Pension Service increased its stake 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 worth $52,858,000 after buying an additional 49,548 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in SEA by 1.5% during the 3rd quarter. Gulf International Bank UK Ltd now owns 29,389 shares of the Internet company based in Singapore’s stock worth $2,770,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.