SEA (NYSE:SE) Stock Price Expected to Rise, Barclays Analyst Says

SEA (NYSE:SE) had its price objective raised by equities research analysts at Barclays from $131.00 to $148.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price target would indicate a potential upside of 16.98% from the company’s current price.

A number of other brokerages have also recently issued reports on SE. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reissued a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $92.43.

SEA Price Performance

Shares of SE opened at $126.52 on Wednesday. SEA has a 12-month low of $46.06 and a 12-month high of $139.18. The business has a 50-day simple moving average of $118.39 and a two-hundred day simple moving average of $103.78. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $72.41 billion, a PE ratio of 843.45 and a beta of 1.55.

Institutional Investors Weigh In On SEA

Several large investors have recently added to or reduced their stakes in the business. State of Wyoming grew its stake in SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore’s stock worth $319,000 after purchasing an additional 90 shares during the period. Covenant Partners LLC grew its stake in SEA by 2.4% during the fourth quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock worth $451,000 after purchasing an additional 101 shares during the period. Farther Finance Advisors LLC grew its stake in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares during the period. SOA Wealth Advisors LLC. grew its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

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.