SEA (NYSE:SE) Rating Increased to Strong-Buy at Arete Research

Arete Research upgraded shares of SEA (NYSE:SE) to a strong-buy rating in a research note released on Sunday morning,Zacks.com reports.

SE has been the topic of several other research reports. UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Benchmark increased their price objective on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $116.67.

SEA Price Performance

Shares of SE opened at $129.69 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a market cap of $74.23 billion, a P/E ratio of 864.63 and a beta of 1.62. SEA has a 12 month low of $51.70 and a 12 month high of $147.73. The stock has a fifty day moving average price of $125.76 and a 200 day moving average price of $110.21.

Institutional Investors Weigh In On SEA

Institutional investors have recently bought and sold shares of the business. State of Wyoming boosted its holdings 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 valued at $319,000 after purchasing an additional 90 shares in the last quarter. Covenant Partners LLC grew its holdings in SEA by 2.4% during the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock worth $451,000 after acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 112 shares during the period. SOA Wealth Advisors LLC. boosted its position in shares of SEA by 33.3% in the 3rd 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 last quarter. Finally, TD Private Client Wealth LLC boosted its holdings 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 buying an additional 152 shares during the last quarter. 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.