SEA (NYSE:SE) Given New $131.00 Price Target at Barclays

SEA (NYSE:SE) had its target price raised by Barclays from $94.00 to $131.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore’s stock.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Citigroup dropped their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Bank of America boosted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush restated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Price Performance

SE stock opened at $102.94 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. The firm has a market cap of $58.92 billion, a P/E ratio of 686.27 and a beta of 1.52. The firm’s fifty day moving average is $93.93 and its 200 day moving average is $79.43. SEA has a 52 week low of $34.35 and a 52 week high of $117.52.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) EPS. Research analysts predict that SEA will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in SEA by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after buying an additional 160 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after acquiring an additional 180 shares in the last quarter. Canton Hathaway LLC lifted its position in SEA by 20.0% during the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after acquiring an additional 200 shares during the period. Rosenberg Matthew Hamilton boosted its stake in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in SEA by 0.7% in the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after purchasing an additional 213 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

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.