SEA (NYSE:SE) Price Target Raised to $85.00

SEA (NYSE:SE) had its price objective upped by Barclays from $68.00 to $85.00 in a research note released on Friday, Benzinga reports. The firm currently has an overweight rating on the Internet company based in Singapore’s stock.

A number of other equities research analysts also recently weighed in on the company. Sanford C. Bernstein lifted their target price on SEA from $60.00 to $70.00 and gave the stock an outperform rating in a report on Thursday, March 14th. Wedbush boosted their price objective on shares of SEA from $45.00 to $72.00 and gave the company an outperform rating in a report on Tuesday, March 5th. HSBC increased their target price on shares of SEA from $70.00 to $76.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Morgan Stanley upgraded shares of SEA from an equal weight rating to an overweight rating and lifted their price target for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Finally, Daiwa Capital Markets raised SEA from a neutral rating to a buy rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $71.21.

SEA Stock Performance

Shares of NYSE:SE traded up $2.68 on Friday, hitting $66.66. The company had a trading volume of 5,615,774 shares, compared to its average volume of 5,984,409. The stock has a 50 day moving average price of $56.54 and a 200 day moving average price of $45.85. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock has a market cap of $37.65 billion, a price-to-earnings ratio of 277.83 and a beta of 1.43. SEA has a 1-year low of $34.35 and a 1-year high of $88.39.

SEA (NYSE:SE) last released its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that SEA will post 0.75 EPS for the current year.

Institutional Investors Weigh In On SEA

A number of hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its stake in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after acquiring an additional 336 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in SEA by 90.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock worth $45,000 after acquiring an additional 485 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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.